The rate at which Rs. 486000 amounts to Rs. 631800 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 486000 amounts to Rs. 631800 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 145800. R = (145800 × 100)/(486000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

A sum at 13% SI for 5 years amounts to Rs. 252000. Principal

A. Rs. 166000

B. Rs. 167000

C. Rs. 168000

D. Rs. 169000

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Correct Answer: Option C

Explanation:
SI = 84000. P = 252000 - 84000 = 168000.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 1386000 amount to Rs. 1940400 at 8% simple interest?

A. 6 years

B. 4 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 554400. T = (554400 × 100)/(1386000 × 8) = 5 years.

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Question #3

A sum of money triples itself in 20 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 15%

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Correct Answer: Option C

Explanation:
SI = 2P. R = (200 × 100)/(P × 20) = 10%.

This question belongs to: Maths Simple Interest

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