A sum of Rs. 990000 amounts to Rs. 1386000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 990000 amounts to Rs. 1386000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 396000. R = (396000 × 100)/(990000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 2061000 amount to Rs. 2885400 at 8% simple interest?

A. 6 years

B. 4 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 824400. T = (824400 × 100)/(2061000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Years for Rs. 378000 at 11% to give Rs. 249480 interest

A. 4 years

B. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option C

Explanation:
T = (249480 * 100)/(378000 * 11) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 42000 for 5 years at 7% per annum is

A. Rs. 14500

B. Rs. 15100

C. Rs. 14700

D. Rs. 14900

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Correct Answer: Option C

Explanation:
SI = (42000 × 7 × 5)/100 = 14700.

This question belongs to: Maths Simple Interest

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