A sum of Rs. 216000 amounts to Rs. 302400 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 216000 amounts to Rs. 302400 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 8%

D. 9%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 86400. R = (86400 × 100)/(216000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

A sum of Rs. 50300 amounts to Rs. 77965 in 5 years at simple interest. The rate is

A. 12%

B. 13%

C. 10%

D. 11%

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Correct Answer: Option D

Explanation:
SI = 27665. R = (27665 × 100)/(50300 × 5) = 11%.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 14040000 interest in 8 years at 41% SI is

A. Rs. 4273000

B. Rs. 4275000

C. Rs. 4276000

D. Rs. 4274000

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Correct Answer: Option B

Explanation:
P = (14040000 × 100)/(41 × 8) = 4275000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2502000 for 2 years at 63% per annum is

A. Rs. 3152920

B. Rs. 3152720

C. Rs. 3152520

D. Rs. 3152320

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Correct Answer: Option C

Explanation:
SI = (2502000 × 63 × 2)/100 = 3152520.

This question belongs to: Maths Simple Interest

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