A sum of Rs. 855000 amounts to Rs. 1197000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 855000 amounts to Rs. 1197000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 12%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 342000. R = (342000 × 100)/(855000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 3573000 amounts to Rs. 4644900 in 3 years is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1071900. R = (1071900 × 100)/(3573000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

In how many years Rs. 17487 will amount to Rs. 20110 at 5% simple interest?

A. 3 years

B. 2 years

C. 4 years

D. 5 years

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Correct Answer: Option A

Explanation:
SI = 2623. T = (2623 * 100)/(17487 * 5) = 3 years.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 3960000 amounts to Rs. 5544000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 1584000. R = (1584000 × 100)/(3960000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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