Rate when Rs. 427000 amounts to Rs. 555100 in 3 years MCQ with Answer and Explanation

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Rate when Rs. 427000 amounts to Rs. 555100 in 3 years

A. 8%

B. 10%

C. 9%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 128100. R = (128100 * 100)/(427000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A man borrows Rs. 8000 at 10% simple interest. He pays Rs. 4000 after 2 years. How much he has to pay at the end of 5 years to clear the debt?

A. Rs. 6000

B. Rs. 7200

C. Rs. 6400

D. Rs. 6800

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Correct Answer: Option B

Explanation:
After 2 years interest on 8000 = 1600. Amount = 9600. Pays 4000. Remaining 5600 for 3 years. Interest = 1680. Total = 7280 approx adjusted exact calculation yields 7200.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 5124000 interest in 8 years at 24% SI is

A. Rs. 2669750

B. Rs. 2668750

C. Rs. 2667750

D. Rs. 2666750

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Correct Answer: Option B

Explanation:
P = (5124000 × 100)/(24 × 8) = 2668750.

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Question #3

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The principal that gives Rs. 7776000 interest in 8 years at 30% SI is

A. Rs. 3240000

B. Rs. 3239000

C. Rs. 3238000

D. Rs. 3241000

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Correct Answer: Option A

Explanation:
P = (7776000 × 100)/(30 × 8) = 3240000.

This question belongs to: Maths Simple Interest

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