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. 10%

B. 9%

C. 8%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 2268000 amounts to Rs. 2948400 in 3 years is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 680400. R = (680400 × 100)/(2268000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2952000 for 2 years at 73% per annum is

A. Rs. 4312520

B. Rs. 4312320

C. Rs. 4312720

D. Rs. 4312120

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Correct Answer: Option B

Explanation:
SI = (2952000 × 73 × 2)/100 = 4312320.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 1881000 amount to Rs. 2633400 at 8% simple interest?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 752400. T = (752400 × 100)/(1881000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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