A sum of Rs. 2610000 amounts to Rs. 3654000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2610000 amounts to Rs. 3654000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1044000. R = (1044000 × 100)/(2610000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Rate when Rs. 63000 amounts to Rs. 81900 in 4 years

A. 9%

B. 7.5%

C. 6%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 18900. R = (18900 * 100)/(63000 * 4) = 7.5%.

This question belongs to: Maths Simple Interest

Question #2

A sum doubles in 8 years at simple interest. Rate is

A. 12.5%

B. 15%

C. 10%

D. 8%

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Correct Answer: Option A

Explanation:
R = 100/8 = 12.5%.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 3880800 interest in 9 years at 18% SI is

A. Rs. 2401000

B. Rs. 2399000

C. Rs. 2400000

D. Rs. 2398000

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Correct Answer: Option C

Explanation:
P = (3880800 × 100)/(18 × 9) = 2400000.

This question belongs to: Maths Simple Interest

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