A sum of Rs. 270000 amounts to Rs. 378000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 270000 amounts to Rs. 378000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 108000. R = (108000 × 100)/(270000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 3852000 for 2 years at 93% per annum is

A. Rs. 7164720

B. Rs. 7164520

C. Rs. 7164920

D. Rs. 7165120

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI = (3852000 × 93 × 2)/100 = 7164720.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 981000 for 2 years at 33% per annum is

A. Rs. 647860

B. Rs. 647260

C. Rs. 647460

D. Rs. 647660

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SI = (981000 × 33 × 2)/100 = 647460.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2070000 amounts to Rs. 2898000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SI = 828000. R = (828000 × 100)/(2070000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs