Years for Rs. 27000 at 6% to give Rs. 9720 interest MCQ with Answer and Explanation

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Years for Rs. 27000 at 6% to give Rs. 9720 interest

A. 5 years

B. 6 years

C. 7 years

D. 4 years

Answer: Option B

Solution (By JKSSB Mock Tests)

T = (9720 * 100)/(27000 * 6) = 6 years.

This question belongs to: Maths Simple Interest

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Question #1

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Simple interest on Rs. 2817000 for 2 years at 70% per annum is

A. Rs. 3944000

B. Rs. 3943800

C. Rs. 3944200

D. Rs. 3943600

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Correct Answer: Option B

Explanation:
SI = (2817000 × 70 × 2)/100 = 3943800.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 819000 for 3 years at 23% per annum is

A. Rs. 564610

B. Rs. 565210

C. Rs. 564810

D. Rs. 565010

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Correct Answer: Option C

Explanation:
SI = (819000 × 23 × 3)/100 = 564810.

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 2475000 amounts to Rs. 3465000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 990000. R = (990000 × 100)/(2475000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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