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. 12%

B. 9%

C. 10%

D. 8%

Answer: Option C

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

A sum of Rs. 63000 amounts to Rs. 88200 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 25200. R = (25200 × 100)/(63000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 324000 for 3 years at 12% per annum is

A. Rs. 116640

B. Rs. 117040

C. Rs. 116840

D. Rs. 116440

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Correct Answer: Option A

Explanation:
SI = (324000 × 12 × 3)/100 = 116640.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 60000 amounts to Rs. 78000 in 3 years is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 18000. R = (18000 × 100)/(60000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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