A sum of Rs. 1305000 amounts to Rs. 1827000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 1305000 amounts to Rs. 1827000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 8%

D. 9%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 522000. R = (522000 × 100)/(1305000 × 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

Simple interest on Rs. 4347000 for 2 years at 102% per annum is

A. Rs. 8868280

B. Rs. 8867680

C. Rs. 8867880

D. Rs. 8868080

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SI = (4347000 × 102 × 2)/100 = 8867880.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 657000 for 2 years at 22% per annum is

A. Rs. 288880

B. Rs. 289080

C. Rs. 289280

D. Rs. 289480

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = (657000 × 22 × 2)/100 = 289080.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 75000 for 4 years at 5% per annum is

A. Rs. 15000

B. Rs. 15200

C. Rs. 15400

D. Rs. 14800

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI = (75000 × 5 × 4)/100 = 15000.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs