A sum of Rs. 3420000 amounts to Rs. 4788000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3420000 amounts to Rs. 4788000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 1368000. R = (1368000 × 100)/(3420000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 50000 amount to Rs. 70000 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 20000. T = (20000 × 100)/(50000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 9514800 interest in 8 years at 32% SI is

A. Rs. 3710500

B. Rs. 3711500

C. Rs. 3713500

D. Rs. 3712500

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Correct Answer: Option D

Explanation:
P = (9514800 × 100)/(32 × 8) = 3712500.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 1566000 amount to Rs. 2192400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 626400. T = (626400 × 100)/(1566000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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