Rate of interest if Rs. 18000 gives Rs. 5400 interest in 5 years is MCQ with Answer and Explanation

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Rate of interest if Rs. 18000 gives Rs. 5400 interest in 5 years is

A. 6%

B. 7%

C. 8%

D. 5%

Answer: Option A

Solution (By JKSSB Mock Tests)

R = (5400 * 100)/(18000 * 5) = 6%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 126000 amounts to Rs. 176400 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 50400. R = (50400 × 100)/(126000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 3195000 amounts to Rs. 4473000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1278000. R = (1278000 × 100)/(3195000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 333000 for 2 years at 15% per annum is

A. Rs. 100300

B. Rs. 99700

C. Rs. 100100

D. Rs. 99900

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Correct Answer: Option D

Explanation:
SI = (333000 × 15 × 2)/100 = 99900.

This question belongs to: Maths Simple Interest

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