A sum of Rs. 2430000 amounts to Rs. 3402000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 2430000 amounts to Rs. 3402000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 972000. R = (972000 × 100)/(2430000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

In how many years will Rs. 756000 amount to Rs. 1058400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI = 302400. T = (302400 × 100)/(756000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 1278000 amounts to Rs. 1661400 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SI = 383400. R = (383400 × 100)/(1278000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum at 16% SI for 3 years amounts to Rs. 364000. Principal

A. Rs. 211000

B. Rs. 209000

C. Rs. 208000

D. Rs. 210000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SI = 154000. P = 364000 - 154000 = 210000.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs