A sum of Rs. 1800000 amounts to Rs. 2520000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1800000 amounts to Rs. 2520000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 720000. R = (720000 × 100)/(1800000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 1413000 amounts to Rs. 1836900 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 423900. R = (423900 × 100)/(1413000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal giving Rs. 571200 SI in 8 years at 13%

A. Rs. 549000

B. Rs. 550000

C. Rs. 548000

D. Rs. 551000

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Correct Answer: Option B

Explanation:
P = (571200 * 100)/(13 * 8) = 550000.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 1033200 interest in 9 years at 12% SI is

A. Rs. 961000

B. Rs. 959000

C. Rs. 958000

D. Rs. 960000

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Correct Answer: Option D

Explanation:
P = (1033200 × 100)/(12 × 9) = 960000.

This question belongs to: Maths Simple Interest

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