A sum of Rs. 414000 amounts to Rs. 579600 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 414000 amounts to Rs. 579600 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 165600. R = (165600 × 100)/(414000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 693000 amounts to Rs. 900900 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 207900. R = (207900 × 100)/(693000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Rate when Rs. 63000 amounts to Rs. 81900 in 4 years

A. 8%

B. 9%

C. 7.5%

D. 6%

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Correct Answer: Option C

Explanation:
SI = 18900. R = (18900 * 100)/(63000 * 4) = 7.5%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 20133 for 2 years at 7% per annum is

A. Rs. 3018

B. Rs. 2668

C. Rs. 2818

D. Rs. 3318

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Correct Answer: Option C

Explanation:
SI = (20133 * 7 * 2)/100 = 2818.

This question belongs to: Maths Simple Interest

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