A sum of Rs. 2475000 amounts to Rs. 3465000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2475000 amounts to Rs. 3465000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 990000. R = (990000 × 100)/(2475000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 16704000 interest in 9 years at 38% SI is

A. Rs. 4880000

B. Rs. 4879000

C. Rs. 4881000

D. Rs. 4878000

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Correct Answer: Option A

Explanation:
P = (16704000 × 100)/(38 × 9) = 4880000.

This question belongs to: Maths Simple Interest

Question #2

Time for Rs. 36000 at 5% to amount Rs. 46800

A. 5 years

B. 4 years

C. 7 years

D. 6 years

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Correct Answer: Option D

Explanation:
SI = 10800. T = (10800 * 100)/(36000 * 5) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 153000 amounts to Rs. 198900 in 3 years is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 45900. R = (45900 × 100)/(153000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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