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. 9%

B. 8%

C. 12%

D. 10%

Answer: Option D

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 principal on which SI for 5 years at 7% is Rs. 12250 is

A. Rs. 34000

B. Rs. 36000

C. Rs. 33000

D. Rs. 35000

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Correct Answer: Option D

Explanation:
P = (12250 * 100)/(7 * 5) = 35000.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 1188000 amounts to Rs. 1544400 in 3 years is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 356400. R = (356400 × 100)/(1188000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

SI on Rs. 42000 for 2 years at 5%

A. Rs. 4400

B. Rs. 4200

C. Rs. 4000

D. Rs. 4600

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Correct Answer: Option B

Explanation:
SI = (42000 * 5 * 2)/100 = 4200.

This question belongs to: Maths Simple Interest

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