Simple interest on Rs. 75000 for 4 years at 5% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 75000 for 4 years at 5% per annum is

A. Rs. 14800

B. Rs. 15400

C. Rs. 15000

D. Rs. 15200

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (75000 × 5 × 4)/100 = 15000.

This question belongs to: Maths Simple Interest

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Question #1

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The rate at which Rs. 1548000 amounts to Rs. 2012400 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 464400. R = (464400 × 100)/(1548000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 1458000 amounts to Rs. 1895400 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 437400. R = (437400 × 100)/(1458000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 207000 for 2 years at 12% per annum is

A. Rs. 49680

B. Rs. 49880

C. Rs. 50080

D. Rs. 49480

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Correct Answer: Option A

Explanation:
SI = (207000 × 12 × 2)/100 = 49680.

This question belongs to: Maths Simple Interest

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