A sum of Rs. 1080000 amounts to Rs. 1512000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1080000 amounts to Rs. 1512000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 12%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 432000. R = (432000 × 100)/(1080000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 35000 amounts to Rs. 45500 in 4 years at simple interest. The rate is

A. 6%

B. 8%

C. 9%

D. 7.5%

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Correct Answer: Option D

Explanation:
SI = 10500. R = (10500 × 100)/(35000 × 4) = 7.5%.

This question belongs to: Maths Simple Interest

Question #2

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Years for Rs. 350000 at 9% to give Rs. 189000 interest

A. 4 years

B. 6 years

C. 7 years

D. 5 years

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Correct Answer: Option B

Explanation:
T = (189000 * 100)/(350000 * 9) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 1989000 for 3 years at 49% per annum is

A. Rs. 2924230

B. Rs. 2924830

C. Rs. 2924630

D. Rs. 2924430

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Correct Answer: Option D

Explanation:
SI = (1989000 × 49 × 3)/100 = 2924430.

This question belongs to: Maths Simple Interest

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