A sum of Rs. 3915000 amounts to Rs. 5481000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3915000 amounts to Rs. 5481000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 12%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 1566000. R = (1566000 × 100)/(3915000 × 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. 135000 amount to Rs. 189000 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 54000. T = (54000 × 100)/(135000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Years for Rs. 238000 at 7% to give Rs. 99960 interest

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option A

Explanation:
T = (99960 * 100)/(238000 * 7) = 6 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The principal that gives Rs. 3175200 interest in 9 years at 17% SI is

A. Rs. 2076000

B. Rs. 2075000

C. Rs. 2077000

D. Rs. 2074000

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Correct Answer: Option A

Explanation:
P = (3175200 × 100)/(17 × 9) = 2076000.

This question belongs to: Maths Simple Interest

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