Simple interest on Rs. 4122000 for 2 years at 99% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 4122000 for 2 years at 99% per annum is

A. Rs. 8161760

B. Rs. 8161360

C. Rs. 8161560

D. Rs. 8161960

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (4122000 × 99 × 2)/100 = 8161560.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of money triples itself in 20 years at simple interest. The rate is

A. 15%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 2P. R = (200 × 100)/(P × 20) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 351000 amount to Rs. 491400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 140400. T = (140400 × 100)/(351000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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Rate for Rs. 273000 to Rs. 354900 in 3 years SI

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 81900. R = (81900 * 100)/(273000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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