A sum of Rs. 2700000 amounts to Rs. 3780000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2700000 amounts to Rs. 3780000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1080000. R = (1080000 × 100)/(2700000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 4455000 amounts to Rs. 6237000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 1782000. R = (1782000 × 100)/(4455000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 9126000 interest in 9 years at 26% SI is

A. Rs. 3901000

B. Rs. 3899000

C. Rs. 3898000

D. Rs. 3900000

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Correct Answer: Option D

Explanation:
P = (9126000 × 100)/(26 × 9) = 3900000.

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Question #3

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Years Rs. 28000 at 10% SI to give Rs. 8400 interest

A. 5 years

B. 3 years

C. 4 years

D. 2 years

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Correct Answer: Option B

Explanation:
T = (8400 * 100)/(28000 * 10) = 3 years.

This question belongs to: Maths Simple Interest

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