A sum of Rs. 198000 amounts to Rs. 277200 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 198000 amounts to Rs. 277200 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 = 79200. R = (79200 × 100)/(198000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1314000 for 3 years at 34% per annum is

A. Rs. 1340480

B. Rs. 1340280

C. Rs. 1340680

D. Rs. 1340080

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = (1314000 × 34 × 3)/100 = 1340280.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 855000 amounts to Rs. 1197000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = 342000. R = (342000 × 100)/(855000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Years for Rs. 22000 to give Rs. 6600 interest at 5% SI

A. 7 years

B. 4 years

C. 5 years

D. 6 years

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
T = (6600 * 100)/(22000 * 5) = 6 years.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs