The rate at which Rs. 99000 amounts to Rs. 128700 in 3 years is MCQ with Answer and Explanation

Question

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The rate at which Rs. 99000 amounts to Rs. 128700 in 3 years is

A. 10%

B. 9%

C. 8%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 29700. R = (29700 × 100)/(99000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 2700000 amounts to Rs. 3780000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1080000. R = (1080000 × 100)/(2700000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 1422000 for 2 years at 39% per annum is

A. Rs. 1109160

B. Rs. 1108960

C. Rs. 1109360

D. Rs. 1109560

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Correct Answer: Option A

Explanation:
SI = (1422000 × 39 × 2)/100 = 1109160.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 112000 for 2 years at 7% per annum is

A. Rs. 15680

B. Rs. 15880

C. Rs. 16080

D. Rs. 15480

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Correct Answer: Option A

Explanation:
SI = (112000 × 7 × 2)/100 = 15680.

This question belongs to: Maths Simple Interest

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