A sum of Rs. 3105000 amounts to Rs. 4347000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3105000 amounts to Rs. 4347000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 1242000. R = (1242000 × 100)/(3105000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 387000 amount to Rs. 541800 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 154800. T = (154800 × 100)/(387000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2034000 for 3 years at 50% per annum is

A. Rs. 3051000

B. Rs. 3051200

C. Rs. 3050800

D. Rs. 3051400

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Correct Answer: Option A

Explanation:
SI = (2034000 × 50 × 3)/100 = 3051000.

This question belongs to: Maths Simple Interest

Question #3

SI on Rs. 241500 for 2 years at 19%

A. Rs. 91770

B. Rs. 91970

C. Rs. 91570

D. Rs. 92170

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Correct Answer: Option A

Explanation:
SI = (241500 * 19 * 2)/100 = 91770.

This question belongs to: Maths Simple Interest

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