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. 12%

B. 9%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 2079000 for 3 years at 51% per annum is

A. Rs. 3180870

B. Rs. 3181070

C. Rs. 3180670

D. Rs. 3181270

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Correct Answer: Option A

Explanation:
SI = (2079000 × 51 × 3)/100 = 3180870.

This question belongs to: Maths Simple Interest

Question #2

A sum at 17% SI for 4 years amounts to Rs. 392000. Principal

A. Rs. 210000

B. Rs. 208000

C. Rs. 209000

D. Rs. 211000

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Correct Answer: Option A

Explanation:
SI = 182000. P = 392000 - 182000 = 210000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 108500 for 4 years at 7%

A. Rs. 30580

B. Rs. 30380

C. Rs. 30180

D. Rs. 30780

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Correct Answer: Option B

Explanation:
SI = (108500 * 7 * 4)/100 = 30380.

This question belongs to: Maths Simple Interest

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