The rate at which Rs. 2718000 amounts to Rs. 3533400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2718000 amounts to Rs. 3533400 in 3 years is

A. 9%

B. 10%

C. 12%

D. 8%

Answer: Option B

Solution (By JKExamLibrary)

SI = 815400. R = (815400 × 100)/(2718000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Principal for Rs. 52920 interest in 8 years at 11%

A. Rs. 61000

B. Rs. 59000

C. Rs. 60000

D. Rs. 58000

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Correct Answer: Option C

Explanation:
P = (52920 * 100)/(11 * 8) = 60000.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 1575000 amounts to Rs. 2205000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 630000. R = (630000 × 100)/(1575000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 675000 amount to Rs. 945000 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 270000. T = (270000 × 100)/(675000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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