A sum of Rs. 396000 amounts to Rs. 554400 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 396000 amounts to Rs. 554400 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 158400. R = (158400 × 100)/(396000 × 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. 1701000 amount to Rs. 2381400 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 = 680400. T = (680400 × 100)/(1701000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2268000 amounts to Rs. 2948400 in 3 years is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 680400. R = (680400 × 100)/(2268000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 6199200 interest in 8 years at 27% SI is

A. Rs. 2861000

B. Rs. 2859000

C. Rs. 2858000

D. Rs. 2860000

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Correct Answer: Option D

Explanation:
P = (6199200 × 100)/(27 × 8) = 2860000.

This question belongs to: Maths Simple Interest

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