A sum of Rs. 900000 amounts to Rs. 1260000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 900000 amounts to Rs. 1260000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 360000. R = (360000 × 100)/(900000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 1773000 amounts to Rs. 2304900 in 3 years is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 531900. R = (531900 × 100)/(1773000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 16128000 interest in 9 years at 37% SI is

A. Rs. 4838500

B. Rs. 4837500

C. Rs. 4835500

D. Rs. 4836500

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Correct Answer: Option B

Explanation:
P = (16128000 × 100)/(37 × 9) = 4837500.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 1035000 amounts to Rs. 1449000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 414000. R = (414000 × 100)/(1035000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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