Simple interest on Rs. 3834000 for 3 years at 90% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 3834000 for 3 years at 90% per annum is

A. Rs. 10352000

B. Rs. 10351600

C. Rs. 10351800

D. Rs. 10352200

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (3834000 × 90 × 3)/100 = 10351800.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

A sum doubles in 8 years at simple interest. Rate is

A. 12.5%

B. 15%

C. 8%

D. 10%

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Correct Answer: Option A

Explanation:
R = 100/8 = 12.5%.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 999000 amount to Rs. 1398600 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 399600. T = (399600 × 100)/(999000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Years for Rs. 119000 at 6% to give Rs. 42840 interest

A. 4 years

B. 7 years

C. 5 years

D. 6 years

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Correct Answer: Option D

Explanation:
T = (42840 * 100)/(119000 * 6) = 6 years.

This question belongs to: Maths Simple Interest

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