Rate when Rs. 126000 amounts to Rs. 163800 in 3 years MCQ with Answer and Explanation

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Rate when Rs. 126000 amounts to Rs. 163800 in 3 years

A. 8%

B. 9%

C. 10%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 37800. R = (37800 * 100)/(126000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 2439000 for 3 years at 59% per annum is

A. Rs. 4314130

B. Rs. 4314330

C. Rs. 4314730

D. Rs. 4314530

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Correct Answer: Option B

Explanation:
SI = (2439000 × 59 × 3)/100 = 4314330.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 135000 for 3 years at 7% per annum is

A. Rs. 28550

B. Rs. 28750

C. Rs. 28350

D. Rs. 28150

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Correct Answer: Option C

Explanation:
SI = (135000 × 7 × 3)/100 = 28350.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3681000 amount to Rs. 5153400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1472400. T = (1472400 × 100)/(3681000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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