Rate for Rs. 70000 to Rs. 91000 in 3 years SI MCQ with Answer and Explanation

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Rate for Rs. 70000 to Rs. 91000 in 3 years SI

A. 12%

B. 10%

C. 8%

D. 9%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 21000. R = (21000 * 100)/(70000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1000 for 2 years at 6% is

A. Rs. 100

B. Rs. 80

C. Rs. 120

D. Rs. 140

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Correct Answer: Option C

Explanation:
SI = (1000 × 6 × 2)/100 = 120.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 864000 for 3 years at 24% per annum is

A. Rs. 622480

B. Rs. 622080

C. Rs. 622280

D. Rs. 621880

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Correct Answer: Option B

Explanation:
SI = (864000 × 24 × 3)/100 = 622080.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 378000 amounts to Rs. 491400 in 3 years is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 113400. R = (113400 × 100)/(378000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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