A sum of Rs. 945000 amounts to Rs. 1323000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 945000 amounts to Rs. 1323000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

Answer: Option A

Solution (By JKExamLibrary)

SI = 378000. R = (378000 × 100)/(945000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 657000 for 2 years at 24% per annum is

A. Rs. 315160

B. Rs. 315560

C. Rs. 315760

D. Rs. 315360

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Correct Answer: Option D

Explanation:
SI = (657000 × 24 × 2)/100 = 315360.

This question belongs to: Maths Simple Interest

Question #2

SI on Rs. 73500 for 2 years at 11%

A. Rs. 16170

B. Rs. 15970

C. Rs. 16570

D. Rs. 16370

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Correct Answer: Option A

Explanation:
SI = (73500 * 11 * 2)/100 = 16170.

This question belongs to: Maths Simple Interest

Question #3

SI on Rs. 15000 for 5 years at 7% is

A. Rs. 5450

B. Rs. 5650

C. Rs. 5050

D. Rs. 5250

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Correct Answer: Option D

Explanation:
SI = (15000 * 7 * 5)/100 = 5250.

This question belongs to: Maths Simple Interest

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