A sum of Rs. 24985 amounts to Rs. 49970 in 10 years at simple interest. Rate is MCQ with Answer and Explanation

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A sum of Rs. 24985 amounts to Rs. 49970 in 10 years at simple interest. Rate is

A. 13%

B. 12%

C. 9%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 24985. R = (24985 * 100)/(24985 * 10) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

SI on Rs. 157500 for 3 years at 13%

A. Rs. 61425

B. Rs. 61625

C. Rs. 61225

D. Rs. 61825

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Correct Answer: Option A

Explanation:
SI = (157500 * 13 * 3)/100 = 61425.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 28000 amounts to Rs. 39200 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 11200. R = (11200 × 100)/(28000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3051000 amount to Rs. 4271400 at 8% simple interest?

A. 6 years

B. 4 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1220400. T = (1220400 × 100)/(3051000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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