Rate when Rs. 98000 amounts to Rs. 127400 in 3 years MCQ with Answer and Explanation

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Rate when Rs. 98000 amounts to Rs. 127400 in 3 years

A. 8%

B. 9%

C. 10%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 29400. R = (29400 * 100)/(98000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The principal giving Rs. 30240 SI in 8 years at 7%

A. Rs. 54000

B. Rs. 55000

C. Rs. 53000

D. Rs. 52000

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Correct Answer: Option A

Explanation:
P = (30240 * 100)/(7 * 8) = 54000.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 2880000 amounts to Rs. 4032000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 1152000. R = (1152000 × 100)/(2880000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum amounts to Rs. 172200 in 6 years at 7% SI. Principal

A. Rs. 127000

B. Rs. 126000

C. Rs. 125000

D. Rs. 124000

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Correct Answer: Option B

Explanation:
SI = 46200. P = 172200 - 46200 = 126000.

This question belongs to: Maths Simple Interest

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