A sum of Rs. 342000 amounts to Rs. 478800 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 342000 amounts to Rs. 478800 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 136800. R = (136800 × 100)/(342000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 4500000 amounts to Rs. 6300000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 1800000. R = (1800000 × 100)/(4500000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 4140000 amounts to Rs. 5796000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1656000. R = (1656000 × 100)/(4140000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 1107000 for 2 years at 32% per annum is

A. Rs. 708880

B. Rs. 708280

C. Rs. 708680

D. Rs. 708480

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Correct Answer: Option D

Explanation:
SI = (1107000 × 32 × 2)/100 = 708480.

This question belongs to: Maths Simple Interest

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