A sum of Rs. 234000 amounts to Rs. 327600 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 234000 amounts to Rs. 327600 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 93600. R = (93600 × 100)/(234000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 4572000 for 2 years at 107% per annum is

A. Rs. 9792880

B. Rs. 9792680

C. Rs. 9792480

D. Rs. 9792280

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Correct Answer: Option C

Explanation:
SI = (4572000 × 107 × 2)/100 = 9792480.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 4536000 amount to Rs. 6350400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1814400. T = (1814400 × 100)/(4536000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2097000 for 2 years at 54% per annum is

A. Rs. 2264560

B. Rs. 2265160

C. Rs. 2264960

D. Rs. 2264760

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Correct Answer: Option D

Explanation:
SI = (2097000 × 54 × 2)/100 = 2264760.

This question belongs to: Maths Simple Interest

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