The rate at which Rs. 1098000 amounts to Rs. 1427400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 1098000 amounts to Rs. 1427400 in 3 years is

A. 9%

B. 12%

C. 10%

D. 8%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 329400. R = (329400 × 100)/(1098000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Years for Rs. 406000 at 10% to give Rs. 243600 interest

A. 7 years

B. 6 years

C. 5 years

D. 4 years

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Correct Answer: Option B

Explanation:
T = (243600 * 100)/(406000 * 10) = 6 years.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 35600 amounts to Rs. 40584 in 2 years at simple interest. The rate is

A. 7%

B. 9%

C. 6%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 4984. R = (4984 × 100)/(35600 × 2) = 7%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1809000 for 3 years at 45% per annum is

A. Rs. 2442150

B. Rs. 2441950

C. Rs. 2442550

D. Rs. 2442350

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Correct Answer: Option A

Explanation:
SI = (1809000 × 45 × 3)/100 = 2442150.

This question belongs to: Maths Simple Interest

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