A sum of Rs. 1035000 amounts to Rs. 1449000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1035000 amounts to Rs. 1449000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

Solution (By JKExamLibrary)

SI = 414000. R = (414000 × 100)/(1035000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 2673000 amounts to Rs. 3474900 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 802000 approx adjusted 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 873000 for 2 years at 30% per annum is

A. Rs. 524200

B. Rs. 523800

C. Rs. 524000

D. Rs. 523600

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Correct Answer: Option B

Explanation:
SI = (873000 × 30 × 2)/100 = 523800.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2250000 amounts to Rs. 3150000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 12%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 900000. R = (900000 × 100)/(2250000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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