Rate when Rs. 203000 amounts to Rs. 263900 in 3 years MCQ with Answer and Explanation

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Rate when Rs. 203000 amounts to Rs. 263900 in 3 years

A. 8%

B. 12%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 60900. R = (60900 * 100)/(203000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 6199200 interest in 8 years at 27% SI is

A. Rs. 2858000

B. Rs. 2860000

C. Rs. 2861000

D. Rs. 2859000

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Correct Answer: Option B

Explanation:
P = (6199200 × 100)/(27 × 8) = 2860000.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 4401000 amount to Rs. 6161400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 1760400. T = (1760400 × 100)/(4401000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2250000 amounts to Rs. 3150000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 900000. R = (900000 × 100)/(2250000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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