A sum of Rs. 1755000 amounts to Rs. 2457000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1755000 amounts to Rs. 2457000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 8%

D. 9%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 702000. R = (702000 × 100)/(1755000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 4284000 for 3 years at 100% per annum is

A. Rs. 12852000

B. Rs. 12852200

C. Rs. 12851800

D. Rs. 12852400

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Correct Answer: Option A

Explanation:
SI = (4284000 × 100 × 3)/100 = 12852000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 1747200 interest in 8 years at 16% SI is

A. Rs. 1365000

B. Rs. 1364000

C. Rs. 1366000

D. Rs. 1363000

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Correct Answer: Option A

Explanation:
P = (1747200 × 100)/(16 × 8) = 1365000.

This question belongs to: Maths Simple Interest

Question #3

A sum at 10% SI for 4 years amounts to Rs. 168000. Principal

A. Rs. 113000

B. Rs. 111000

C. Rs. 112000

D. Rs. 110000

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Correct Answer: Option C

Explanation:
SI = 56000. P = 168000 - 56000 = 112000.

This question belongs to: Maths Simple Interest

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