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. 8%

B. 9%

C. 10%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1557000 for 2 years at 42% per annum is

A. Rs. 1307680

B. Rs. 1307880

C. Rs. 1308280

D. Rs. 1308080

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Correct Answer: Option B

Explanation:
SI = (1557000 × 42 × 2)/100 = 1307880.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 4233600 interest in 9 years at 19% SI is

A. Rs. 2478000

B. Rs. 2480000

C. Rs. 2481000

D. Rs. 2479000

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Correct Answer: Option B

Explanation:
P = (4233600 × 100)/(19 × 9) = 2480000.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 1818000 amounts to Rs. 2363400 in 3 years is

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 545400. R = (545400 × 100)/(1818000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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