A sum of Rs. 2205000 amounts to Rs. 3087000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2205000 amounts to Rs. 3087000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 882000. R = (882000 × 100)/(2205000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 3600000 amounts to Rs. 5040000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 1440000. R = (1440000 × 100)/(3600000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 31500 interest in 5 years at 9% SI is

A. Rs. 69000

B. Rs. 71000

C. Rs. 68000

D. Rs. 70000

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Correct Answer: Option D

Explanation:
P = (31500 × 100)/(9 × 5) = 70000.

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Question #3

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Simple interest on Rs. 3474000 for 3 years at 82% per annum is

A. Rs. 8549440

B. Rs. 8550040

C. Rs. 8549840

D. Rs. 8549640

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Correct Answer: Option D

Explanation:
SI = (3474000 × 82 × 3)/100 = 8549640.

This question belongs to: Maths Simple Interest

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