A sum of Rs. 42000 amounts to Rs. 58800 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 42000 amounts to Rs. 58800 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 16800. R = (16800 × 100)/(42000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

A sum amounts to Rs. 80640 in 6 years at 9% SI. Principal

A. Rs. 46000

B. Rs. 48000

C. Rs. 47000

D. Rs. 49000

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Correct Answer: Option B

Explanation:
SI = 32640. P = 80640 - 32640 = 48000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 25000 for 6 years at 6% per annum is

A. Rs. 9000

B. Rs. 9200

C. Rs. 9400

D. Rs. 8800

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Correct Answer: Option A

Explanation:
SI = (25000 × 6 × 6)/100 = 9000.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 24000 amount to Rs. 33600 at 10% simple interest?

A. 6 years

B. 5 years

C. 3 years

D. 4 years

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Correct Answer: Option D

Explanation:
SI = 9600. T = (9600 × 100)/(24000 × 10) = 4 years.

This question belongs to: Maths Simple Interest

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