A sum of Rs. 135000 amounts to Rs. 189000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 135000 amounts to Rs. 189000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 54000. R = (54000 × 100)/(135000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 2187000 for 2 years at 56% per annum is

A. Rs. 2449640

B. Rs. 2449840

C. Rs. 2449240

D. Rs. 2449440

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Correct Answer: Option D

Explanation:
SI = (2187000 × 56 × 2)/100 = 2449440.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 801000 amount to Rs. 1121400 at 8% simple interest?

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 320400. T = (320400 × 100)/(801000 × 8) = 5 years.

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Question #3

In how many years will Rs. 31500 amount to Rs. 47250 at 10% simple interest?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 15750. T = (15750 × 100)/(31500 × 10) = 5 years.

This question belongs to: Maths Simple Interest

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