A sum of Rs. 3645000 amounts to Rs. 5103000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3645000 amounts to Rs. 5103000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

Answer: Option C

Solution (By JKExamLibrary)

SI = 1458000. R = (1458000 × 100)/(3645000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 48000 amounts to Rs. 67200 in 5 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 6%

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Correct Answer: Option C

Explanation:
SI = 19200. R = (19200 × 100)/(48000 × 5) = 8%.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 4383000 amounts to Rs. 5697900 in 3 years is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 1314900. R = (1314900 × 100)/(4383000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 4401000 amount to Rs. 6161400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 1760400. T = (1760400 × 100)/(4401000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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