A sum of Rs. 2160000 amounts to Rs. 3024000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 2160000 amounts to Rs. 3024000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 12%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 864000. R = (864000 × 100)/(2160000 × 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

Simple interest on Rs. 540000 for 3 years at 18% per annum is

A. Rs. 291600

B. Rs. 291400

C. Rs. 291800

D. Rs. 292000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI = (540000 × 18 × 3)/100 = 291600.

This question belongs to: Maths Simple Interest

Question #2

Years for Rs. 84000 at 7% to give Rs. 35280 interest

A. 7 years

B. 6 years

C. 5 years

D. 4 years

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
T = (35280 * 100)/(84000 * 7) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 4266000 amount to Rs. 5972400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = 1706400. T = (1706400 × 100)/(4266000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs