A sum of Rs. 2070000 amounts to Rs. 2898000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 2070000 amounts to Rs. 2898000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 828000. R = (828000 × 100)/(2070000 × 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

A sum amounts to Rs. 179760 in 5 years at 8% SI. Principal

A. Rs. 132000

B. Rs. 131000

C. Rs. 133000

D. Rs. 134000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SI = 46760. P = 179760 - 46760 = 133000.

This question belongs to: Maths Simple Interest

Question #2

A man borrowed Rs. 15000 at 10% simple interest. He repaid Rs. 9000 after 2 years. Amount to be paid at end of 4 years to clear debt is

A. Rs. 10800

B. Rs. 12000

C. Rs. 13200

D. Rs. 9600

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI for 2 years on 15000 = 3000. Amount = 18000. Paid 9000. Remaining 9000 for 2 years. SI = 1800. Total = 10800.

This question belongs to: Maths Simple Interest

Question #3

A sum at 17% SI for 4 years amounts to Rs. 392000. Principal

A. Rs. 211000

B. Rs. 210000

C. Rs. 209000

D. Rs. 208000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = 182000. P = 392000 - 182000 = 210000.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs