Simple interest on Rs. 150500 for 4 years at 6% MCQ with Answer and Explanation

Question

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Simple interest on Rs. 150500 for 4 years at 6%

A. Rs. 36120

B. Rs. 36520

C. Rs. 35920

D. Rs. 36320

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (150500 * 6 * 4)/100 = 36120.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 99000 amount to Rs. 138600 at 8% simple interest?

A. 7 years

B. 4 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 39600. T = (39600 × 100)/(99000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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Rate when Rs. 147000 amounts to Rs. 191100 in 3 years

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 44100. R = (44100 * 100)/(147000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 2592000 for 2 years at 65% per annum is

A. Rs. 3369600

B. Rs. 3370000 approx adjusted

C. Rs. 3369800

D. Rs. 3370200

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Correct Answer: Option B

Explanation:
SI = (2592000 × 65 × 2)/100 = 3369600.

This question belongs to: Maths Simple Interest

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