A sum of Rs. 810000 amounts to Rs. 1134000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 810000 amounts to Rs. 1134000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 9%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 324000. R = (324000 × 100)/(810000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 2034000 for 3 years at 50% per annum is

A. Rs. 3051200

B. Rs. 3051000

C. Rs. 3050800

D. Rs. 3051400

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Correct Answer: Option B

Explanation:
SI = (2034000 × 50 × 3)/100 = 3051000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 4329000 for 3 years at 101% per annum is

A. Rs. 13119170

B. Rs. 13118970

C. Rs. 13118770

D. Rs. 13119370

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Correct Answer: Option B

Explanation:
SI = (4329000 × 101 × 3)/100 = 13118970.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 4032000 for 2 years at 97% per annum is

A. Rs. 7822480

B. Rs. 7821880

C. Rs. 7822280

D. Rs. 7822080

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Correct Answer: Option D

Explanation:
SI = (4032000 × 97 × 2)/100 = 7822080.

This question belongs to: Maths Simple Interest

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