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. 12%

C. 10%

D. 9%

Answer: Option C

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. 711000 amount to Rs. 995400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 284400. T = (284400 × 100)/(711000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 105000 for 2 years at 6% per annum is

A. Rs. 12800

B. Rs. 12600

C. Rs. 12400

D. Rs. 13000

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Correct Answer: Option B

Explanation:
SI = (105000 × 6 × 2)/100 = 12600.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 2583000 amounts to Rs. 3357900 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 774900. R = (774900 × 100)/(2583000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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