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. 12%

B. 15%

C. 16%

D. 13%

Answer: Option D

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 4284000 for 3 years at 100% per annum is

A. Rs. 12852400

B. Rs. 12851800

C. Rs. 12852200

D. Rs. 12852000

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Correct Answer: Option D

Explanation:
SI = (4284000 × 100 × 3)/100 = 12852000.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 576000 amount to Rs. 806400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 230400. T = (230400 × 100)/(576000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 756000 interest in 8 years at 12% SI is

A. Rs. 785500

B. Rs. 787500

C. Rs. 786500

D. Rs. 788500

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Correct Answer: Option B

Explanation:
P = (756000 × 100)/(12 × 8) = 787500.

This question belongs to: Maths Simple Interest

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