A sum of Rs. 486000 amounts to Rs. 680400 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 486000 amounts to Rs. 680400 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 194400. R = (194400 × 100)/(486000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 1215000 amounts to Rs. 1701000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 486000. R = (486000 × 100)/(1215000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 2349000 for 3 years at 57% per annum is

A. Rs. 4016830

B. Rs. 4016430

C. Rs. 4016630

D. Rs. 4016230

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Correct Answer: Option B

Explanation:
SI = (2349000 × 57 × 3)/100 = 4016430.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 441000 amount to Rs. 617400 at 8% simple interest?

A. 7 years

B. 6 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 176400. T = (176400 × 100)/(441000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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