A sum of Rs. 315000 amounts to Rs. 441000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 315000 amounts to Rs. 441000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 126000. R = (126000 × 100)/(315000 × 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. 50000 amount to Rs. 70000 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 20000. T = (20000 × 100)/(50000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 1098000 amounts to Rs. 1427400 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 329400. R = (329400 × 100)/(1098000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2754000 for 3 years at 66% per annum is

A. Rs. 5452920

B. Rs. 5452720

C. Rs. 5453120

D. Rs. 5453320

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Correct Answer: Option A

Explanation:
SI = (2754000 × 66 × 3)/100 = 5452920.

This question belongs to: Maths Simple Interest

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