The rate at which Rs. 1323000 amounts to Rs. 1720000 approx in 3 years is adjusted to exact 10% MCQ with Answer and Explanation

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The rate at which Rs. 1323000 amounts to Rs. 1720000 approx in 3 years is adjusted to exact 10%

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

Solution (By JKExamLibrary)

SI = 396900. R = (396900 × 100)/(1323000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 2412000 for 2 years at 61% per annum is

A. Rs. 2942640

B. Rs. 2943040

C. Rs. 2942440

D. Rs. 2942840

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Correct Answer: Option A

Explanation:
SI = (2412000 × 61 × 2)/100 = 2942640.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 648000 for 3 years at 21% per annum is

A. Rs. 408440

B. Rs. 408240

C. Rs. 408640

D. Rs. 408040

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Correct Answer: Option B

Explanation:
SI = (648000 × 21 × 3)/100 = 408240.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 3159000 for 3 years at 75% per annum is

A. Rs. 7110750

B. Rs. 7110950

C. Rs. 7110550

D. Rs. 7111150

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Correct Answer: Option A

Explanation:
SI = (3159000 × 75 × 3)/100 = 7110750.

This question belongs to: Maths Simple Interest

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