The rate at which Rs. 7200 amounts to Rs. 9360 in 5 years is MCQ with Answer and Explanation

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The rate at which Rs. 7200 amounts to Rs. 9360 in 5 years is

A. 6%

B. 4%

C. 8%

D. 5%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 2160. R = (2160 × 100)/(7200 × 5) = 6%.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 1134000 interest in 9 years at 12% SI is

A. Rs. 1050000

B. Rs. 1049000

C. Rs. 1048000

D. Rs. 1051000

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Correct Answer: Option A

Explanation:
P = (1134000 × 100)/(12 × 9) = 1050000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 24628 for 10 years at 7% per annum is

A. Rs. 17089

B. Rs. 17439

C. Rs. 17739

D. Rs. 17239

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Correct Answer: Option D

Explanation:
SI = (24628 * 7 * 10)/100 = 17239.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 306000 amounts to Rs. 397800 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 91800. R = (91800 × 100)/(306000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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