Simple interest on Rs. 4257000 for 2 years at 100% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 4257000 for 2 years at 100% per annum is

A. Rs. 8514000

B. Rs. 8513800

C. Rs. 8514200

D. Rs. 8514400

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = (4257000 × 100 × 2)/100 = 8514000.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 100800 interest in 8 years at 9% SI is

A. Rs. 141000

B. Rs. 140000

C. Rs. 139000

D. Rs. 138000

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Correct Answer: Option B

Explanation:
P = (100800 × 100)/(9 × 8) = 140000.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 3798000 amounts to Rs. 4937400 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1139400. R = (1139400 × 100)/(3798000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 648000 amounts to Rs. 842400 in 3 years is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 194400. R = (194400 × 100)/(648000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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