A sum of Rs. 1485000 amounts to Rs. 2079000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1485000 amounts to Rs. 2079000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 594000. R = (594000 × 100)/(1485000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 2547000 for 2 years at 64% per annum is

A. Rs. 3258920

B. Rs. 3259120

C. Rs. 3258520

D. Rs. 3258720

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Correct Answer: Option D

Explanation:
SI = (2547000 × 64 × 2)/100 = 3258720.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 4257000 for 2 years at 100% per annum is

A. Rs. 8514400

B. Rs. 8513800

C. Rs. 8514000

D. Rs. 8514200

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Correct Answer: Option C

Explanation:
SI = (4257000 × 100 × 2)/100 = 8514000.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 54000 amount to Rs. 75600 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 21600. T = (21600 × 100)/(54000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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