The rate at which Rs. 1998000 amounts to Rs. 2597400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 1998000 amounts to Rs. 2597400 in 3 years is

A. 12%

B. 8%

C. 9%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 599400. R = (599400 × 100)/(1998000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest Rs. 19600 for 3 years at 8%

A. Rs. 4904

B. Rs. 5104

C. Rs. 4704

D. Rs. 4504

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Correct Answer: Option C

Explanation:
SI = (19600 * 8 * 3)/100 = 4704.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 3762000 for 2 years at 91% per annum is

A. Rs. 6846840

B. Rs. 6846640

C. Rs. 6847040

D. Rs. 6847240

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Correct Answer: Option A

Explanation:
SI = (3762000 × 91 × 2)/100 = 6846840.

This question belongs to: Maths Simple Interest

Question #3

Principal for Rs. 268800 interest in 8 years at 12%

A. Rs. 279000

B. Rs. 280000

C. Rs. 278000

D. Rs. 281000

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Correct Answer: Option B

Explanation:
P = (268800 * 100)/(12 * 8) = 280000.

This question belongs to: Maths Simple Interest

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