The rate at which Rs. 2043000 amounts to Rs. 2655900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2043000 amounts to Rs. 2655900 in 3 years is

A. 9%

B. 10%

C. 8%

D. 12%

Answer: Option B

Solution (By JKExamLibrary)

SI = 612900. R = (612900 × 100)/(2043000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 15840000 interest in 8 years at 44% SI is

A. Rs. 4500000

B. Rs. 4498000

C. Rs. 4501000

D. Rs. 4499000

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Correct Answer: Option A

Explanation:
P = (15840000 × 100)/(44 × 8) = 4500000.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 90000 amounts to Rs. 126000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 9%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 36000. R = (36000 × 100)/(90000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

SI on Rs. 42000 for 2 years at 5%

A. Rs. 4200

B. Rs. 4400

C. Rs. 4600

D. Rs. 4000

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Correct Answer: Option A

Explanation:
SI = (42000 * 5 * 2)/100 = 4200.

This question belongs to: Maths Simple Interest

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