A sum of Rs. 2250000 amounts to Rs. 3150000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2250000 amounts to Rs. 3150000 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 = 900000. R = (900000 × 100)/(2250000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 2187000 for 2 years at 56% per annum is

A. Rs. 2449240

B. Rs. 2449640

C. Rs. 2449440

D. Rs. 2449840

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Correct Answer: Option C

Explanation:
SI = (2187000 × 56 × 2)/100 = 2449440.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 513000 amounts to Rs. 666900 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 153900. R = (153900 × 100)/(513000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1089000 for 3 years at 29% per annum is

A. Rs. 947430

B. Rs. 947630

C. Rs. 947830

D. Rs. 947230

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Correct Answer: Option A

Explanation:
SI = (1089000 × 29 × 3)/100 = 947430.

This question belongs to: Maths Simple Interest

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