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

Question
A sum of Rs. 4005000 amounts to Rs. 5607000 in 4 years at simple interest. The rate is
A. 8%
B. 10%
C. 12%
D. 9%
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
A sum of Rs. 486000 amounts to Rs. 680400 in 4 years at simple interest. The rate is
A. 8%
B. 9%
C. 12%
D. 10%
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Correct Answer: Option D

Explanation:
SI = 194400. R = (194400 × 100)/(486000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #2
SI on Rs. 241500 for 2 years at 19%
A. Rs. 91570
B. Rs. 91970
C. Rs. 92170
D. Rs. 91770
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Correct Answer: Option D

Explanation:
SI = (241500 * 19 * 2)/100 = 91770.
This question belongs to: Maths Simple Interest
Question #3
The principal that gives Rs. 4057200 interest in 8 years at 21% SI is
A. Rs. 2414000
B. Rs. 2415000
C. Rs. 2413000
D. Rs. 2416000
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Correct Answer: Option B

Explanation:
P = (4057200 × 100)/(21 × 8) = 2415000.
This question belongs to: Maths Simple Interest
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