A sum of Rs. 432000 amounts to Rs. 604800 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 432000 amounts to Rs. 604800 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

Answer: Option A

Solution (By JKExamLibrary)

SI = 172800. R = (172800 × 100)/(432000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

The principal that gives Rs. 21600 interest in 6 years at 6% SI is

A. Rs. 59000

B. Rs. 60000

C. Rs. 61000

D. Rs. 58000

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Correct Answer: Option B

Explanation:
P = (21600 × 100)/(6 × 6) = 60000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 2736000 amount to Rs. 3830400 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 1094400. T = (1094400 × 100)/(2736000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum amounts to Rs. 95760 in 5 years at 8% SI. Principal

A. Rs. 64000

B. Rs. 61000

C. Rs. 62000

D. Rs. 63000

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Correct Answer: Option D

Explanation:
SI = 32760. P = 95760 - 32760 = 63000.

This question belongs to: Maths Simple Interest

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