A sum of Rs. 54000 amounts to Rs. 75600 in 5 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 54000 amounts to Rs. 75600 in 5 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 6%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 21600. R = (21600 × 100)/(54000 × 5) = 8%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 1386000 amount to Rs. 1940400 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 554400. T = (554400 × 100)/(1386000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 4032000 for 2 years at 97% per annum is

A. Rs. 7822080

B. Rs. 7821880

C. Rs. 7822280

D. Rs. 7822480

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Correct Answer: Option A

Explanation:
SI = (4032000 × 97 × 2)/100 = 7822080.

This question belongs to: Maths Simple Interest

Question #3

Years for Rs. 434000 at 12% to give Rs. 312480 interest

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option C

Explanation:
T = (312480 * 100)/(434000 * 12) = 6 years.

This question belongs to: Maths Simple Interest

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