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. 12%

B. 9%

C. 10%

D. 8%

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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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 3726000 amount to Rs. 5216400 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 1490400. T = (1490400 × 100)/(3726000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 2790000 amounts to Rs. 3906000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 1116000. R = (1116000 × 100)/(2790000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2142000 for 2 years at 55% per annum is

A. Rs. 2356200

B. Rs. 2356400

C. Rs. 2356000

D. Rs. 2356600

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Correct Answer: Option A

Explanation:
SI = (2142000 × 55 × 2)/100 = 2356200.

This question belongs to: Maths Simple Interest

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