The rate at which Rs. 270000 amounts to Rs. 351000 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 270000 amounts to Rs. 351000 in 3 years is

A. 9%

B. 10%

C. 8%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 81000. R = (81000 × 100)/(270000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 2151000 amount to Rs. 3011400 at 8% simple interest?

A. 6 years

B. 4 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 860400. T = (860400 × 100)/(2151000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 21000 interest in 7 years at 6% SI is

A. Rs. 49000

B. Rs. 48000

C. Rs. 51000

D. Rs. 50000

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Correct Answer: Option D

Explanation:
P = (21000 × 100)/(6 × 7) = 50000.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 327600 interest in 9 years at 10% SI is

A. Rs. 363000

B. Rs. 364000

C. Rs. 362000

D. Rs. 365000

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Correct Answer: Option B

Explanation:
P = (327600 × 100)/(10 × 9) = 364000.

This question belongs to: Maths Simple Interest

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