A sum of Rs. 1665000 amounts to Rs. 2331000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1665000 amounts to Rs. 2331000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 666000. R = (666000 × 100)/(1665000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 819000 amount to Rs. 1146600 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 327600. T = (327600 × 100)/(819000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 3168000 amounts to Rs. 4118400 in 3 years is

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 950400. R = (950400 × 100)/(3168000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 3897000 for 2 years at 94% per annum is

A. Rs. 7326360

B. Rs. 7326160

C. Rs. 7326760

D. Rs. 7326560

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Correct Answer: Option A

Explanation:
SI = (3897000 × 94 × 2)/100 = 7326360.

This question belongs to: Maths Simple Interest

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