A sum of Rs. 3150000 amounts to Rs. 4410000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3150000 amounts to Rs. 4410000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1260000. R = (1260000 × 100)/(3150000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 113400 interest in 9 years at 7% SI is

A. Rs. 179000

B. Rs. 180000

C. Rs. 181000

D. Rs. 178000

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Correct Answer: Option B

Explanation:
P = (113400 × 100)/(7 × 9) = 180000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 31245 for 5 years at 6% per annum is

A. Rs. 9173

B. Rs. 9573

C. Rs. 9773

D. Rs. 9373

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Correct Answer: Option D

Explanation:
SI = (31245 * 6 * 5)/100 = 9373.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 954000 for 3 years at 26% per annum is

A. Rs. 743440

B. Rs. 743840

C. Rs. 743640

D. Rs. 744040

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Correct Answer: Option C

Explanation:
SI = (954000 × 26 × 3)/100 = 743640.

This question belongs to: Maths Simple Interest

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