A sum of Rs. 4275000 amounts to Rs. 5985000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4275000 amounts to Rs. 5985000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

Answer: Option C

Solution (By JKExamLibrary)

SI = 1710000. R = (1710000 × 100)/(4275000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

SI on Rs. 129500 for 4 years at 5%

A. Rs. 26100

B. Rs. 25900

C. Rs. 25700

D. Rs. 26300

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Correct Answer: Option B

Explanation:
SI = (129500 * 5 * 4)/100 = 25900.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 2475000 amounts to Rs. 3465000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 990000. R = (990000 × 100)/(2475000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 729000 for 3 years at 21% per annum is

A. Rs. 459270

B. Rs. 459070

C. Rs. 459470

D. Rs. 459670

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Correct Answer: Option A

Explanation:
SI = (729000 × 21 × 3)/100 = 459270.

This question belongs to: Maths Simple Interest

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