Rate when Rs. 315000 amounts to Rs. 409500 in 3 years MCQ with Answer and Explanation

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Rate when Rs. 315000 amounts to Rs. 409500 in 3 years

A. 10%

B. 8%

C. 12%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 94500. R = (94500 * 100)/(315000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 2601000 amount to Rs. 3641400 at 8% simple interest?

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 1040400. T = (1040400 × 100)/(2601000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 2799000 for 3 years at 67% per annum is

A. Rs. 5628930

B. Rs. 5629330

C. Rs. 5628730

D. Rs. 5629130

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Correct Answer: Option A

Explanation:
SI = (2799000 × 67 × 3)/100 = 5628930.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 873000 for 2 years at 30% per annum is

A. Rs. 524000

B. Rs. 523600

C. Rs. 524200

D. Rs. 523800

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Correct Answer: Option D

Explanation:
SI = (873000 × 30 × 2)/100 = 523800.

This question belongs to: Maths Simple Interest

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