Simple interest on Rs. 4347000 for 2 years at 102% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 4347000 for 2 years at 102% per annum is

A. Rs. 8868080

B. Rs. 8868280

C. Rs. 8867680

D. Rs. 8867880

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (4347000 × 102 × 2)/100 = 8867880.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 621000 amount to Rs. 869400 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 248400. T = (248400 × 100)/(621000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 1710000 amounts to Rs. 2394000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 684000. R = (684000 × 100)/(1710000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 3861000 amount to Rs. 5405400 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 1544400. T = (1544400 × 100)/(3861000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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