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

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A sum of Rs. 198000 amounts to Rs. 277200 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 79200. R = (79200 × 100)/(198000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 1638000 amounts to Rs. 2129400 in 3 years is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 491400. R = (491400 × 100)/(1638000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 414000 amounts to Rs. 579600 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 165600. R = (165600 × 100)/(414000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1044000 for 3 years at 28% per annum is

A. Rs. 876760

B. Rs. 877360

C. Rs. 877160

D. Rs. 876960

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Correct Answer: Option D

Explanation:
SI = (1044000 × 28 × 3)/100 = 876960.

This question belongs to: Maths Simple Interest

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