A sum of Rs. 25000 amounts to Rs. 32500 in 3 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 25000 amounts to Rs. 32500 in 3 years at simple interest. The rate is

A. 8%

B. 12%

C. 9%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 7500. R = (7500 × 100)/(25000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 1335600 interest in 8 years at 13% SI is

A. Rs. 1282500

B. Rs. 1285000

C. Rs. 1280000

D. Rs. 1277500

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Correct Answer: Option A

Explanation:
P = (1335600 × 100)/(13 × 8) = 1282500.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2457000 for 2 years at 62% per annum is

A. Rs. 3046680

B. Rs. 3046880

C. Rs. 3047080

D. Rs. 3046480

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Correct Answer: Option A

Explanation:
SI = (2457000 × 62 × 2)/100 = 3046680.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2115000 amounts to Rs. 2961000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 846000. R = (846000 × 100)/(2115000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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