A sum of Rs. 126000 amounts to Rs. 176400 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 126000 amounts to Rs. 176400 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

Answer: Option B

Solution (By JKExamLibrary)

SI = 50400. R = (50400 × 100)/(126000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

A sum of Rs. 15432 amounts to Rs. 20061 in 3 years at simple interest. Rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 4629. R = (4629 * 100)/(15432 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 297000 for 2 years at 14% per annum is

A. Rs. 82960

B. Rs. 83560

C. Rs. 83360

D. Rs. 83160

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Correct Answer: Option D

Explanation:
SI = (297000 × 14 × 2)/100 = 83160.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 2916000 amount to Rs. 4082400 at 8% simple interest?

A. 6 years

B. 4 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1166400. T = (1166400 × 100)/(2916000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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