A sum of Rs. 3465000 amounts to Rs. 4851000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3465000 amounts to Rs. 4851000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

Answer: Option C

Solution (By JKExamLibrary)

SI = 1386000. R = (1386000 × 100)/(3465000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Principal for Rs. 739200 interest in 7 years at 13%

A. Rs. 810000

B. Rs. 811000

C. Rs. 813000

D. Rs. 812000

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Correct Answer: Option D

Explanation:
P = (739200 * 100)/(13 * 7) = 812000 approx adjusted.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Rate when Rs. 38000 amounts to Rs. 49400 in 3 years

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 11400. R = (11400 * 100)/(38000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 2151000 amount to Rs. 3011400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 860400. T = (860400 × 100)/(2151000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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