The rate at which Rs. 918000 amounts to Rs. 1193400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 918000 amounts to Rs. 1193400 in 3 years is

A. 10%

B. 8%

C. 9%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 275400. R = (275400 × 100)/(918000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Time in years for Rs. 24000 at 7% to amount Rs. 31080

A. 4 years

B. 3 years

C. 5 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 7080. T = (7080 * 100)/(24000 * 7) = 4 years.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 529200 interest in 9 years at 11% SI is

A. Rs. 533000

B. Rs. 534000

C. Rs. 535000

D. Rs. 536000

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Correct Answer: Option C

Explanation:
P = (529200 × 100)/(11 × 9) = 535000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1000 for 2 years at 6% is

A. Rs. 120

B. Rs. 100

C. Rs. 80

D. Rs. 140

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Correct Answer: Option A

Explanation:
SI = (1000 × 6 × 2)/100 = 120.

This question belongs to: Maths Simple Interest

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