The rate at which Rs. 1998000 amounts to Rs. 2597400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 1998000 amounts to Rs. 2597400 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 599400. R = (599400 × 100)/(1998000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum becomes Rs. 33600 after 4 years and Rs. 37800 after 6 years at simple interest. The principal is

A. Rs. 26400

B. Rs. 24000

C. Rs. 22800

D. Rs. 25200

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Correct Answer: Option D

Explanation:
Difference for 2 years = 4200. SI per year = 2100. SI for 4 years = 8400. Principal = 33600 - 8400 = 25200.

This question belongs to: Maths Simple Interest

Question #2

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Rate when Rs. 231000 amounts to Rs. 300300 in 3 years

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 69300. R = (69300 * 100)/(231000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 2673000 amounts to Rs. 3474900 in 3 years is

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 802000 approx adjusted 10%.

This question belongs to: Maths Simple Interest

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