A sum of Rs. 4275000 amounts to Rs. 5985000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4275000 amounts to Rs. 5985000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1710000. R = (1710000 × 100)/(4275000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 38500 for 5 years at 8%

A. Rs. 15800

B. Rs. 15200

C. Rs. 15400

D. Rs. 15600

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Correct Answer: Option C

Explanation:
SI = (38500 * 8 * 5)/100 = 15400.

This question belongs to: Maths Simple Interest

Question #2

A sum becomes Rs. 33600 after 4 years and Rs. 37800 after 6 years at simple interest. The principal is

A. Rs. 26400

B. Rs. 24000

C. Rs. 22800

D. Rs. 25200

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Correct Answer: Option D

Explanation:
Difference for 2 years = 4200. SI per year = 2100. SI for 4 years = 8400. Principal = 33600 - 8400 = 25200.

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Question #3

The principal that gives Rs. 1512000 interest in 9 years at 14% SI is

A. Rs. 1199000

B. Rs. 1200000

C. Rs. 1201000

D. Rs. 1198000

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Correct Answer: Option B

Explanation:
P = (1512000 × 100)/(14 × 9) = 1200000.

This question belongs to: Maths Simple Interest

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