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. 8%

C. 10%

D. 6%

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 846000 amount to Rs. 1184400 at 8% simple interest?

A. 4 years

B. 7 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 338400. T = (338400 × 100)/(846000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 3951000 amount to Rs. 5531400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 1580400. T = (1580400 × 100)/(3951000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

A sum at 17% SI for 4 years amounts to Rs. 392000. Principal

A. Rs. 210000

B. Rs. 209000

C. Rs. 208000

D. Rs. 211000

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Correct Answer: Option A

Explanation:
SI = 182000. P = 392000 - 182000 = 210000.

This question belongs to: Maths Simple Interest

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