A sum of Rs. 3375000 amounts to Rs. 4725000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3375000 amounts to Rs. 4725000 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 = 1350000. R = (1350000 × 100)/(3375000 × 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. 8%

B. 10%

C. 9%

D. 12%

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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 will Rs. 5000 amount to Rs. 6500 at 6% simple interest per annum?

A. 3 years

B. 6 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 1500. T = (1500 × 100)/(5000 × 6) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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The principal on which SI for 5 years at 7% is Rs. 12250 is

A. Rs. 33000

B. Rs. 36000

C. Rs. 35000

D. Rs. 34000

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Correct Answer: Option C

Explanation:
P = (12250 * 100)/(7 * 5) = 35000.

This question belongs to: Maths Simple Interest

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