A sum of Rs. 252000 amounts to Rs. 352800 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 252000 amounts to Rs. 352800 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 100800. R = (100800 × 100)/(252000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest for Rs. 32000 at 4% for 6 years is

A. Rs. 7680

B. Rs. 7880

C. Rs. 8080

D. Rs. 7480

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Correct Answer: Option A

Explanation:
SI = (32000 * 4 * 6)/100 = 7680.

This question belongs to: Maths Simple Interest

Question #2

In how many years Rs. 22964 will amount to Rs. 34216 at 7% simple interest?

A. 9 years

B. 6 years

C. 7 years

D. 8 years

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Correct Answer: Option C

Explanation:
SI = 11252. T = (11252 * 100)/(22964 * 7) = 7 years.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3456000 amount to Rs. 4838400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 1382400. T = (1382400 × 100)/(3456000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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