A sum of Rs. 4005000 amounts to Rs. 5607000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4005000 amounts to Rs. 5607000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 9%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1602000. R = (1602000 × 100)/(4005000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 432000 amounts to Rs. 604800 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 172800. R = (172800 × 100)/(432000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 477000 for 2 years at 19% per annum is

A. Rs. 181660

B. Rs. 181060

C. Rs. 181260

D. Rs. 181460

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Correct Answer: Option C

Explanation:
SI = (477000 × 19 × 2)/100 = 181260.

This question belongs to: Maths Simple Interest

Question #3

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A sum amounts to Rs. 50400 in 5 years at 7% SI. Principal

A. Rs. 34000

B. Rs. 35000

C. Rs. 37000

D. Rs. 36000

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Correct Answer: Option D

Explanation:
SI = 14400. P = 50400 - 14400 = 36000.

This question belongs to: Maths Simple Interest

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