Multiple Choice Questions on The rate per cent per annum at which Rs 1200 amount to Rs 1440 in 4 years is ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

The rate per cent per annum at which Rs 1200 amount to Rs 1440 in 4 years is ........

Quantitative Aptitude ( CCS) Simple Interest
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    The rate per cent per annum at which Rs. 1200 amount to Rs. 1440 in 4 years is

    5%

    Correct Answer

    4%

    Incorrect Answer

    6%

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:

    We have, P = Rs. 1200, T = 4 years, I = 1440-1200 = Rs. 240

    Rate of Interest (R) = 100 x I / P x T = 100 x 240 / 1200 x 4 = 5% p.a.

    Hence, option 1 is the correct answer.

    By: Amit Kumar
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