A sum of Rs. 35000 amounts to Rs. 45500 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 35000 amounts to Rs. 45500 in 4 years at simple interest. The rate is

A. 8%

B. 6%

C. 9%

D. 7.5%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 10500. R = (10500 × 100)/(35000 × 4) = 7.5%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 225000 for 2 years at 12% per annum is

A. Rs. 54400

B. Rs. 54200

C. Rs. 53800

D. Rs. 54000

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Correct Answer: Option D

Explanation:
SI = (225000 × 12 × 2)/100 = 54000.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 3483000 amounts to Rs. 4527900 in 3 years is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1044900. R = (1044900 × 100)/(3483000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2457000 for 2 years at 62% per annum is

A. Rs. 3046480

B. Rs. 3046680

C. Rs. 3047080

D. Rs. 3046880

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Correct Answer: Option B

Explanation:
SI = (2457000 × 62 × 2)/100 = 3046680.

This question belongs to: Maths Simple Interest

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