A sum of Rs. 1755000 amounts to Rs. 2457000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question Report Error

A sum of Rs. 1755000 amounts to Rs. 2457000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 702000. R = (702000 × 100)/(1755000 × 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. 819000 amount to Rs. 1146600 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 327600. T = (327600 × 100)/(819000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The principal that gives Rs. 151200 interest in 6 years at 7% SI is

A. Rs. 360000

B. Rs. 361000

C. Rs. 358000

D. Rs. 359000

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Correct Answer: Option A

Explanation:
P = (151200 × 100)/(7 × 6) = 360000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

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

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option C

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

This question belongs to: Maths Simple Interest

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