A sum of Rs. 1980000 amounts to Rs. 2772000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1980000 amounts to Rs. 2772000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 792000. R = (792000 × 100)/(1980000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 540000 amounts to Rs. 702000 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 162000. R = (162000 × 100)/(540000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 3582000 for 2 years at 87% per annum is

A. Rs. 6232680

B. Rs. 6232880

C. Rs. 6233080

D. Rs. 6232480

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Correct Answer: Option A

Explanation:
SI = (3582000 × 87 × 2)/100 = 6232680.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 252000 for 2 years at 13% per annum is

A. Rs. 65520

B. Rs. 65720

C. Rs. 65920

D. Rs. 65320

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Correct Answer: Option A

Explanation:
SI = (252000 × 13 × 2)/100 = 65520.

This question belongs to: Maths Simple Interest

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