The interest on a sum of Rs. 2000 for 3 years at R% is Rs. 360. What is R? MCQ with Answer and Explanation

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The interest on a sum of Rs. 2000 for 3 years at R% is Rs. 360. What is R?

A. 6

B. 8

C. 4

D. 5

Answer: Option A

Solution (By JKSSB Mock Tests)

R = (360 × 100)/(2000 × 3) = 6.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 1305000 amounts to Rs. 1827000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 522000. R = (522000 × 100)/(1305000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 252000 amounts to Rs. 352800 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 100800. R = (100800 × 100)/(252000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 387000 for 2 years at 16% per annum is

A. Rs. 123640

B. Rs. 124240

C. Rs. 124040

D. Rs. 123840

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Correct Answer: Option D

Explanation:
SI = (387000 × 16 × 2)/100 = 123840.

This question belongs to: Maths Simple Interest

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