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. 8%

B. 9%

C. 10%

D. 6%

Answer: Option A

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

Rate when Rs. 25000 amounts to Rs. 32500 in 3 years SI

A. 10%

B. 8%

C. 9%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 7500. R = (7500 * 100)/(25000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 831600 interest in 9 years at 11% SI is

A. Rs. 840000

B. Rs. 839000

C. Rs. 841000

D. Rs. 838000

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Correct Answer: Option A

Explanation:
P = (831600 × 100)/(11 × 9) = 840000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 3402000 for 2 years at 83% per annum is

A. Rs. 5647520

B. Rs. 5647320

C. Rs. 5647720

D. Rs. 5647120

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Correct Answer: Option B

Explanation:
SI = (3402000 × 83 × 2)/100 = 5647320.

This question belongs to: Maths Simple Interest

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