The rate at which Rs. 1323000 amounts to Rs. 1720000 approx in 3 years is adjusted to exact 10% MCQ with Answer and Explanation

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The rate at which Rs. 1323000 amounts to Rs. 1720000 approx in 3 years is adjusted to exact 10%

A. 9%

B. 8%

C. 12%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 396900. R = (396900 × 100)/(1323000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 612000 for 2 years at 21% per annum is

A. Rs. 257040

B. Rs. 257240

C. Rs. 257440

D. Rs. 256840

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Correct Answer: Option A

Explanation:
SI = (612000 × 21 × 2)/100 = 257040.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 1737000 for 2 years at 46% per annum is

A. Rs. 1597840

B. Rs. 1598040

C. Rs. 1598440

D. Rs. 1598240

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Correct Answer: Option B

Explanation:
SI = (1737000 × 46 × 2)/100 = 1598040.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 2088000 amounts to Rs. 2714400 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 626400. R = (626400 × 100)/(2088000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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