A sum of Rs. 1395000 amounts to Rs. 1953000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1395000 amounts to Rs. 1953000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 9%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 558000. R = (558000 × 100)/(1395000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

In how many years will Rs. 2691000 amount to Rs. 3767400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1076400. T = (1076400 × 100)/(2691000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Years for Rs. 56000 at 5% to give Rs. 16800 interest

A. 5 years

B. 6 years

C. 4 years

D. 7 years

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Correct Answer: Option B

Explanation:
T = (16800 * 100)/(56000 * 5) = 6 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 234000 for 3 years at 10% per annum is

A. Rs. 70200

B. Rs. 70600

C. Rs. 70400

D. Rs. 70000

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Correct Answer: Option A

Explanation:
SI = (234000 × 10 × 3)/100 = 70200.

This question belongs to: Maths Simple Interest

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