Simple interest on Rs. 108500 for 4 years at 7% MCQ with Answer and Explanation

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Simple interest on Rs. 108500 for 4 years at 7%

A. Rs. 30780

B. Rs. 30380

C. Rs. 30180

D. Rs. 30580

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (108500 * 7 * 4)/100 = 30380.

This question belongs to: Maths Simple Interest

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Question #1

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Simple interest on Rs. 2502000 for 2 years at 63% per annum is

A. Rs. 3152520

B. Rs. 3152920

C. Rs. 3152320

D. Rs. 3152720

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Correct Answer: Option A

Explanation:
SI = (2502000 × 63 × 2)/100 = 3152520.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 4942800 interest in 9 years at 20% SI is

A. Rs. 2744000

B. Rs. 2746000

C. Rs. 2747000

D. Rs. 2745000

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Correct Answer: Option B

Explanation:
P = (4942800 × 100)/(20 × 9) = 2746000.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 1323000 amounts to Rs. 1720000 approx in 3 years is adjusted to exact 10%

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 396900. R = (396900 × 100)/(1323000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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