A sum of Rs. 72000 amounts to Rs. 100800 in 5 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 72000 amounts to Rs. 100800 in 5 years at simple interest. The rate is

A. 6%

B. 8%

C. 10%

D. 9%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 28800. R = (28800 × 100)/(72000 × 5) = 8%.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 88200 interest in 7 years at 9% SI is

A. Rs. 141000

B. Rs. 138000

C. Rs. 140000

D. Rs. 139000

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Correct Answer: Option C

Explanation:
P = (88200 × 100)/(9 × 7) = 140000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 4527000 for 2 years at 106% per annum is

A. Rs. 9603640

B. Rs. 9603040

C. Rs. 9603240

D. Rs. 9603440

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Correct Answer: Option C

Explanation:
SI = (4527000 × 106 × 2)/100 = 9603240.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 3528000 interest in 9 years at 18% SI is

A. Rs. 2175778

B. Rs. 2178778

C. Rs. 2177778

D. Rs. 2176778

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Correct Answer: Option C

Explanation:
P = (3528000 × 100)/(18 × 9) = 2177778 approx adjusted.

This question belongs to: Maths Simple Interest

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