A sum of Rs. 81000 amounts to Rs. 113400 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 81000 amounts to Rs. 113400 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 32400. R = (32400 × 100)/(81000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 2493000 amounts to Rs. 3240900 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 747900. R = (747900 × 100)/(2493000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Years for Rs. 56000 at 5% to give Rs. 16800 interest

A. 7 years

B. 6 years

C. 5 years

D. 4 years

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Correct Answer: Option B

Explanation:
T = (16800 * 100)/(56000 * 5) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 4338000 amounts to Rs. 5640000 approx in 3 years is adjusted to exact 10%

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1301400 approx, R = 10%.

This question belongs to: Maths Simple Interest

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