The rate at which Rs. 7200 amounts to Rs. 9360 in 5 years is MCQ with Answer and Explanation

Question Report Error

The rate at which Rs. 7200 amounts to Rs. 9360 in 5 years is

A. 5%

B. 4%

C. 6%

D. 8%

Answer: Option C

Solution (By JKExamLibrary)

SI = 2160. R = (2160 × 100)/(7200 × 5) = 6%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 3537000 for 2 years at 86% per annum is

A. Rs. 6088240

B. Rs. 6088640

C. Rs. 6088440

D. Rs. 6088840

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Correct Answer: Option C

Explanation:
SI = (3537000 × 86 × 2)/100 = 6088440.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum of Rs. 4545000 amounts to Rs. 6363000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1818000. R = (1818000 × 100)/(4545000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 3609000 for 3 years at 85% per annum is

A. Rs. 9203350

B. Rs. 9202750

C. Rs. 9203150

D. Rs. 9202950

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Correct Answer: Option D

Explanation:
SI = (3609000 × 85 × 3)/100 = 9202950.

This question belongs to: Maths Simple Interest

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