A sum of Rs. 1170000 amounts to Rs. 1638000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1170000 amounts to Rs. 1638000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 468000. R = (468000 × 100)/(1170000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 20800 for 8 years at 12% per annum is

A. Rs. 19768

B. Rs. 20168

C. Rs. 19968

D. Rs. 20368

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Correct Answer: Option C

Explanation:
SI = (20800 × 12 × 8)/100 = 19968.

This question belongs to: Maths Simple Interest

Question #2

Time for Rs. 224000 at 8% to amount Rs. 313600

A. 5 years

B. 4 years

C. 7 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 89600. T = (89600 * 100)/(224000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Rate when Rs. 259000 amounts to Rs. 336700 in 3 years

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 77700. R = (77700 * 100)/(259000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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