Simple interest on Rs. 3672000 for 2 years at 89% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 3672000 for 2 years at 89% per annum is

A. Rs. 6536560

B. Rs. 6535960

C. Rs. 6536360

D. Rs. 6536160

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (3672000 × 89 × 2)/100 = 6536160.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 1341000 amount to Rs. 1877400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 536400. T = (536400 × 100)/(1341000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 4140000 amounts to Rs. 5796000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1656000. R = (1656000 × 100)/(4140000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Rate for Rs. 112000 to Rs. 145600 in 4 years SI

A. 7.5%

B. 6%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 33600. R = (33600 * 100)/(112000 * 4) = 7.5%.

This question belongs to: Maths Simple Interest

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