A sum of Rs. 4095000 amounts to Rs. 5733000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4095000 amounts to Rs. 5733000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 9%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 1638000. R = (1638000 × 100)/(4095000 × 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. 1017000 for 2 years at 30% per annum is

A. Rs. 610600

B. Rs. 610000

C. Rs. 610400

D. Rs. 610200

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Correct Answer: Option D

Explanation:
SI = (1017000 × 30 × 2)/100 = 610200.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 2862000 for 2 years at 71% per annum is

A. Rs. 4065640

B. Rs. 4065240

C. Rs. 4065040

D. Rs. 4065440

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Correct Answer: Option B

Explanation:
SI = (2862000 × 71 × 2)/100 = 4065240.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Rate for Rs. 49000 to become Rs. 63700 in 3 years SI

A. 9%

B. 10%

C. 12%

D. 8%

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SI = 14700. R = (14700 * 100)/(49000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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