Simple interest on Rs. 105000 for 2 years at 6% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 105000 for 2 years at 6% per annum is

A. Rs. 12800

B. Rs. 13000

C. Rs. 12600

D. Rs. 12400

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (105000 × 6 × 2)/100 = 12600.

This question belongs to: Maths Simple Interest

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Question #1

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The rate at which Rs. 2808000 amounts to Rs. 3650400 in 3 years is

A. 10%

B. 8%

C. 9%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 842400. R = (842400 × 100)/(2808000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 80500 for 4 years at 6%

A. Rs. 19720

B. Rs. 19320

C. Rs. 19520

D. Rs. 19120

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Correct Answer: Option B

Explanation:
SI = (80500 * 6 * 4)/100 = 19320.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 828000 amounts to Rs. 1076400 in 3 years is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 248400. R = (248400 × 100)/(828000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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