The rate at which Rs. 2628000 amounts to Rs. 3416400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2628000 amounts to Rs. 3416400 in 3 years is

A. 9%

B. 8%

C. 12%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 788400. R = (788400 × 100)/(2628000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 4329000 for 3 years at 101% per annum is

A. Rs. 13118770

B. Rs. 13119370

C. Rs. 13119170

D. Rs. 13118970

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Correct Answer: Option D

Explanation:
SI = (4329000 × 101 × 3)/100 = 13118970.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 6199200 interest in 8 years at 27% SI is

A. Rs. 2861000

B. Rs. 2859000

C. Rs. 2858000

D. Rs. 2860000

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Correct Answer: Option D

Explanation:
P = (6199200 × 100)/(27 × 8) = 2860000.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 2916000 amount to Rs. 4082400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1166400. T = (1166400 × 100)/(2916000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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