A sum of Rs. 1035000 amounts to Rs. 1449000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 1035000 amounts to Rs. 1449000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 414000. R = (414000 × 100)/(1035000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

SI on Rs. 171500 for 5 years at 4%

A. Rs. 34100

B. Rs. 34500

C. Rs. 34700

D. Rs. 34300

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SI = (171500 * 4 * 5)/100 = 34300.

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. 12%

B. 10%

C. 9%

D. 8%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

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

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 277200 interest in 9 years at 11% SI is

A. Rs. 281000

B. Rs. 279000

C. Rs. 280000

D. Rs. 278000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
P = (277200 × 100)/(11 × 9) = 280000.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs