A sum of Rs. 432000 amounts to Rs. 604800 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 432000 amounts to Rs. 604800 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 = 172800. R = (172800 × 100)/(432000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 3654000 for 3 years at 86% per annum is

A. Rs. 9433720

B. Rs. 9433120

C. Rs. 9433520

D. Rs. 9433320

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Correct Answer: Option D

Explanation:
SI = (3654000 × 86 × 3)/100 = 9433320.

This question belongs to: Maths Simple Interest

Question #2

Rate when Rs. 399000 amounts to Rs. 518700 in 3 years

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 119700. R = (119700 * 100)/(399000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 4581000 amount to Rs. 6413400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 1832400. T = (1832400 × 100)/(4581000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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