A sum of Rs. 162000 amounts to Rs. 226800 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 162000 amounts to Rs. 226800 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 64800. R = (64800 × 100)/(162000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

A sum of Rs. 45000 amounts to Rs. 58500 in 3 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 13500. R = (13500 × 100)/(45000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal giving Rs. 184800 SI in 8 years at 11%

A. Rs. 209000

B. Rs. 211000

C. Rs. 210000

D. Rs. 208000

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Correct Answer: Option C

Explanation:
P = (184800 * 100)/(11 * 8) = 210000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1602000 for 2 years at 43% per annum is

A. Rs. 1377520

B. Rs. 1377720

C. Rs. 1378120

D. Rs. 1377920

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Correct Answer: Option B

Explanation:
SI = (1602000 × 43 × 2)/100 = 1377720.

This question belongs to: Maths Simple Interest

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