A sum of Rs. 315000 amounts to Rs. 441000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 315000 amounts to Rs. 441000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

Answer: Option C

Solution (By JKExamLibrary)

SI = 126000. R = (126000 × 100)/(315000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 216000 for 3 years at 10% per annum is

A. Rs. 65200

B. Rs. 65000

C. Rs. 64600

D. Rs. 64800

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Correct Answer: Option D

Explanation:
SI = (216000 × 10 × 3)/100 = 64800.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 50400 interest in 8 years at 9% SI is

A. Rs. 70000

B. Rs. 69000

C. Rs. 68000

D. Rs. 71000

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Correct Answer: Option A

Explanation:
P = (50400 × 100)/(9 × 8) = 70000.

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Question #3

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

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

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

This question belongs to: Maths Simple Interest

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