A sum of Rs. 1710000 amounts to Rs. 2394000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1710000 amounts to Rs. 2394000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 12%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 684000. R = (684000 × 100)/(1710000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 216000 for 3 years at 10% per annum is

A. Rs. 65200

B. Rs. 65000

C. Rs. 64800

D. Rs. 64600

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Correct Answer: Option C

Explanation:
SI = (216000 × 10 × 3)/100 = 64800.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 144000 for 2 years at 9% per annum is

A. Rs. 25920

B. Rs. 26320

C. Rs. 25720

D. Rs. 26120

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Correct Answer: Option A

Explanation:
SI = (144000 × 9 × 2)/100 = 25920.

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Question #3

The principal that gives Rs. 201600 interest in 8 years at 9% SI is

A. Rs. 278000

B. Rs. 279000

C. Rs. 280000

D. Rs. 281000

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Correct Answer: Option C

Explanation:
P = (201600 × 100)/(9 × 8) = 280000.

This question belongs to: Maths Simple Interest

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