A sum of Rs. 15432 amounts to Rs. 20061 in 3 years at simple interest. Rate is MCQ with Answer and Explanation

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A sum of Rs. 15432 amounts to Rs. 20061 in 3 years at simple interest. Rate is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 4629. R = (4629 * 100)/(15432 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The simple interest on a sum for 3 years at 10% is Rs. 9000. The principal is

A. Rs. 31000

B. Rs. 29000

C. Rs. 30000

D. Rs. 28000

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Correct Answer: Option C

Explanation:
P = (9000 × 100)/(10 × 3) = 30000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 657000 for 2 years at 24% per annum is

A. Rs. 315160

B. Rs. 315760

C. Rs. 315560

D. Rs. 315360

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Correct Answer: Option D

Explanation:
SI = (657000 × 24 × 2)/100 = 315360.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 738000 amounts to Rs. 959400 in 3 years is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 221400. R = (221400 × 100)/(738000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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