A sum of Rs. 2295000 amounts to Rs. 3213000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2295000 amounts to Rs. 3213000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 9%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 918000. R = (918000 × 100)/(2295000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1314000 for 3 years at 34% per annum is

A. Rs. 1340280

B. Rs. 1340080

C. Rs. 1340680

D. Rs. 1340480

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Correct Answer: Option A

Explanation:
SI = (1314000 × 34 × 3)/100 = 1340280.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 774000 for 3 years at 22% per annum is

A. Rs. 510840

B. Rs. 511040

C. Rs. 510640

D. Rs. 511240

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Correct Answer: Option A

Explanation:
SI = (774000 × 22 × 3)/100 = 510840.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 360000 amounts to Rs. 504000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 144000. R = (144000 × 100)/(360000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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