A sum of Rs. 324000 amounts to Rs. 453600 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 324000 amounts to Rs. 453600 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 = 129600. R = (129600 × 100)/(324000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 135000 amounts to Rs. 189000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 54000. R = (54000 × 100)/(135000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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In how many years Rs. 17487 will amount to Rs. 20110 at 5% simple interest?

A. 4 years

B. 5 years

C. 2 years

D. 3 years

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Correct Answer: Option D

Explanation:
SI = 2623. T = (2623 * 100)/(17487 * 5) = 3 years.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 1998000 amounts to Rs. 2597400 in 3 years is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 599400. R = (599400 × 100)/(1998000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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