A sum of Rs. 27007 amounts to Rs. 41050 in 4 years at simple interest. Rate is MCQ with Answer and Explanation

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A sum of Rs. 27007 amounts to Rs. 41050 in 4 years at simple interest. Rate is

A. 16%

B. 13%

C. 12%

D. 15%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 14043. R = (14043 * 100)/(27007 * 4) = 13%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 261000 for 2 years at 13% per annum is

A. Rs. 68260

B. Rs. 67660

C. Rs. 67860

D. Rs. 68060

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Correct Answer: Option C

Explanation:
SI = (261000 × 13 × 2)/100 = 67860.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2043000 amounts to Rs. 2655900 in 3 years is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 612900. R = (612900 × 100)/(2043000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2340000 amounts to Rs. 3276000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 936000. R = (936000 × 100)/(2340000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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