Rate for Rs. 301000 to Rs. 391300 in 3 years SI MCQ with Answer and Explanation

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Rate for Rs. 301000 to Rs. 391300 in 3 years SI

A. 9%

B. 10%

C. 12%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 90300. R = (90300 * 100)/(301000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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The rate at which Rs. 270000 amounts to Rs. 351000 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 81000. R = (81000 × 100)/(270000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 72000 amounts to Rs. 100800 in 5 years at simple interest. The rate is

A. 8%

B. 9%

C. 6%

D. 10%

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Correct Answer: Option A

Explanation:
SI = 28800. R = (28800 × 100)/(72000 × 5) = 8%.

This question belongs to: Maths Simple Interest

Question #3

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SI on Rs. 143500 for 2 years at 14%

A. Rs. 40380

B. Rs. 40580

C. Rs. 39980

D. Rs. 40180

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Correct Answer: Option D

Explanation:
SI = (143500 * 14 * 2)/100 = 40180.

This question belongs to: Maths Simple Interest

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