At what rate percent per annum will a sum of Rs. 7500 amount to Rs. 9000 in 4 years? MCQ with Answer and Explanation

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At what rate percent per annum will a sum of Rs. 7500 amount to Rs. 9000 in 4 years?

A. 4%

B. 5%

C. 8%

D. 6%

Answer: Option B

Solution (By JKExamLibrary)

SI = 1500. R = (1500 × 100)/(7500 × 4) = 5%.

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. 4057200 interest in 8 years at 21% SI is

A. Rs. 2415000

B. Rs. 2413000

C. Rs. 2416000

D. Rs. 2414000

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Correct Answer: Option A

Explanation:
P = (4057200 × 100)/(21 × 8) = 2415000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The rate at which Rs. 2988000 amounts to Rs. 3884400 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 896400. R = (896400 × 100)/(2988000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum of Rs. 3735000 amounts to Rs. 5229000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 12%

D. 9%

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SI = 1494000. R = (1494000 × 100)/(3735000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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