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. 9%

B. 8%

C. 10%

D. 12%

Answer: Option C

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

The principal giving Rs. 638400 SI in 7 years at 13%

A. Rs. 699000

B. Rs. 698000

C. Rs. 700000

D. Rs. 701000

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Correct Answer: Option C

Explanation:
P = (638400 * 100)/(13 * 7) = 700000.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2853000 amounts to Rs. 3708900 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 855900. R = (855900 × 100)/(2853000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 882000 for 2 years at 27% per annum is

A. Rs. 476280

B. Rs. 476080

C. Rs. 476480

D. Rs. 476680

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Correct Answer: Option A

Explanation:
SI = (882000 × 27 × 2)/100 = 476280.

This question belongs to: Maths Simple Interest

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