A sum of Rs. 1620000 amounts to Rs. 2268000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1620000 amounts to Rs. 2268000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 648000. R = (648000 × 100)/(1620000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1854000 for 3 years at 46% per annum is

A. Rs. 2558920

B. Rs. 2558720

C. Rs. 2558520

D. Rs. 2558320

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Correct Answer: Option C

Explanation:
SI = (1854000 × 46 × 3)/100 = 2558520.

This question belongs to: Maths Simple Interest

Question #2

Years for Rs. 350000 at 9% to give Rs. 189000 interest

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option A

Explanation:
T = (189000 * 100)/(350000 * 9) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 3880800 interest in 9 years at 18% SI is

A. Rs. 2400000

B. Rs. 2401000

C. Rs. 2399000

D. Rs. 2398000

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Correct Answer: Option A

Explanation:
P = (3880800 × 100)/(18 × 9) = 2400000.

This question belongs to: Maths Simple Interest

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