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. 10%

B. 8%

C. 9%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Principal for Rs. 100800 interest in 8 years at 9%

A. Rs. 140000

B. Rs. 138000

C. Rs. 141000

D. Rs. 139000

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Correct Answer: Option A

Explanation:
P = (100800 * 100)/(9 * 8) = 140000.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 1260000 amounts to Rs. 1764000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 504000. R = (504000 × 100)/(1260000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 63000 interest in 6 years at 7% SI is

A. Rs. 150000

B. Rs. 151000

C. Rs. 148000

D. Rs. 149000

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Correct Answer: Option A

Explanation:
P = (63000 × 100)/(7 × 6) = 150000.

This question belongs to: Maths Simple Interest

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