A sum of Rs. 585000 amounts to Rs. 819000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 585000 amounts to Rs. 819000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 234000. R = (234000 × 100)/(585000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Principal for Rs. 168000 interest in 7 years at 12%

A. Rs. 199000

B. Rs. 198000

C. Rs. 200000

D. Rs. 201000

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Correct Answer: Option C

Explanation:
P = (168000 * 100)/(12 * 7) = 200000.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2898000 amounts to Rs. 3767400 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 869400. R = (869400 × 100)/(2898000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 2556000 amount to Rs. 3578400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 1022400. T = (1022400 × 100)/(2556000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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