A sum of Rs. 1575000 amounts to Rs. 2205000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1575000 amounts to Rs. 2205000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

Answer: Option C

Solution (By JKExamLibrary)

SI = 630000. R = (630000 × 100)/(1575000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 513000 amounts to Rs. 666900 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 153900. R = (153900 × 100)/(513000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Principal that amounts to Rs. 37800 in 6 years at 5% SI

A. Rs. 24200

B. Rs. 23200

C. Rs. 26200

D. Rs. 25200

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Correct Answer: Option D

Explanation:
SI = 12600. P = 37800 - 12600 = 25200.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 1926000 amount to Rs. 2696400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 770400. T = (770400 × 100)/(1926000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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