A sum of Rs. 3960000 amounts to Rs. 5544000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3960000 amounts to Rs. 5544000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

Answer: Option B

Solution (By JKExamLibrary)

SI = 1584000. R = (1584000 × 100)/(3960000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 2934000 for 3 years at 70% per annum is

A. Rs. 6161200

B. Rs. 6161600

C. Rs. 6161400

D. Rs. 6161800

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Correct Answer: Option C

Explanation:
SI = (2934000 × 70 × 3)/100 = 6161400.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The rate at which Rs. 378000 amounts to Rs. 491400 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 113400. R = (113400 × 100)/(378000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Rs. 15000 lent at 8% per annum simple interest. Interest in 4 years is

A. Rs. 4600

B. Rs. 5000

C. Rs. 5200

D. Rs. 4800

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Correct Answer: Option D

Explanation:
SI = (15000 × 8 × 4)/100 = 4800.

This question belongs to: Maths Simple Interest

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