A sum of Rs. 1260000 amounts to Rs. 1764000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1260000 amounts to Rs. 1764000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

Answer: Option B

Solution (By JKExamLibrary)

SI = 504000. R = (504000 × 100)/(1260000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 1746000 amount to Rs. 2444400 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 698400. T = (698400 × 100)/(1746000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 648000 for 3 years at 21% per annum is

A. Rs. 408240

B. Rs. 408040

C. Rs. 408440

D. Rs. 408640

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Correct Answer: Option A

Explanation:
SI = (648000 × 21 × 3)/100 = 408240.

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Question #3

A sum of Rs. 3645000 amounts to Rs. 5103000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 1458000. R = (1458000 × 100)/(3645000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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