A sum of Rs. 30000 amounts to Rs. 42000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 30000 amounts to Rs. 42000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 12000. R = (12000 × 100)/(30000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

A sum of Rs. 90000 amounts to Rs. 126000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 36000. R = (36000 × 100)/(90000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 4527000 for 2 years at 106% per annum is

A. Rs. 9603440

B. Rs. 9603240

C. Rs. 9603640

D. Rs. 9603040

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Correct Answer: Option B

Explanation:
SI = (4527000 × 106 × 2)/100 = 9603240.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 855000 amount to Rs. 1197000 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 342000. T = (342000 × 100)/(855000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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