A sum of Rs. 2115000 amounts to Rs. 2961000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2115000 amounts to Rs. 2961000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 846000. R = (846000 × 100)/(2115000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Principal for Rs. 672000 interest in 8 years at 12%

A. Rs. 699000

B. Rs. 700000

C. Rs. 701000

D. Rs. 698000

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Correct Answer: Option B

Explanation:
P = (672000 * 100)/(12 * 8) = 700000.

This question belongs to: Maths Simple Interest

Question #2

Principal for Rs. 201600 interest in 9 years at 8%

A. Rs. 281000

B. Rs. 280000

C. Rs. 278000

D. Rs. 279000

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Correct Answer: Option B

Explanation:
P = (201600 * 100)/(8 * 9) = 280000.

This question belongs to: Maths Simple Interest

Question #3

Rate for Rs. 161000 to Rs. 209300 in 3 years SI

A. 8%

B. 10%

C. 12%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 48300. R = (48300 * 100)/(161000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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