The rate at which Rs. 1008000 amounts to Rs. 1310400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 1008000 amounts to Rs. 1310400 in 3 years is

A. 9%

B. 8%

C. 12%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 302400. R = (302400 × 100)/(1008000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 1314000 for 3 years at 34% per annum is

A. Rs. 1340480

B. Rs. 1340680

C. Rs. 1340080

D. Rs. 1340280

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Correct Answer: Option D

Explanation:
SI = (1314000 × 34 × 3)/100 = 1340280.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 1071000 amount to Rs. 1499400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 428400. T = (428400 × 100)/(1071000 × 8) = 5 years.

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Question #3

A sum of Rs. 4095000 amounts to Rs. 5733000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 9%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 1638000. R = (1638000 × 100)/(4095000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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