A sum of Rs. 405000 amounts to Rs. 567000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 405000 amounts to Rs. 567000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 162000. R = (162000 × 100)/(405000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 540000 amounts to Rs. 702000 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 162000. R = (162000 × 100)/(540000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 2745000 amounts to Rs. 3843000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 1098000. R = (1098000 × 100)/(2745000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 3735000 amounts to Rs. 5229000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1494000. R = (1494000 × 100)/(3735000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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