A sum of Rs. 4455000 amounts to Rs. 6237000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4455000 amounts to Rs. 6237000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 1782000. R = (1782000 × 100)/(4455000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

A sum at 10% SI for 5 years amounts to Rs. 105000. Principal

A. Rs. 71000

B. Rs. 70000

C. Rs. 68000

D. Rs. 69000

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Correct Answer: Option B

Explanation:
SI = 35000. P = 105000 - 35000 = 70000.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2718000 amounts to Rs. 3533400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 815400. R = (815400 × 100)/(2718000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 81000 amounts to Rs. 113400 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 32400. R = (32400 × 100)/(81000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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