A sum of Rs. 3555000 amounts to Rs. 4977000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3555000 amounts to Rs. 4977000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 9%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 1422000. R = (1422000 × 100)/(3555000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

A sum amounts to Rs. 163680 in 5 years at 9% SI. Principal

A. Rs. 113000

B. Rs. 112000

C. Rs. 110000

D. Rs. 111000

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Correct Answer: Option B

Explanation:
SI = 51680. P = 163680 - 51680 = 112000.

This question belongs to: Maths Simple Interest

Question #2

Rate when Rs. 259000 amounts to Rs. 336700 in 3 years

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 77700. R = (77700 * 100)/(259000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3771000 amount to Rs. 5279400 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 1508400. T = (1508400 × 100)/(3771000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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