A sum of Rs. 2790000 amounts to Rs. 3906000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2790000 amounts to Rs. 3906000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 12%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 1116000. R = (1116000 × 100)/(2790000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 4554000 for 3 years at 106% per annum is

A. Rs. 14482600

B. Rs. 14482000

C. Rs. 14482200

D. Rs. 14482400

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Correct Answer: Option C

Explanation:
SI = (4554000 × 106 × 3)/100 = 14482200.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 11541600 interest in 9 years at 31% SI is

A. Rs. 4128000

B. Rs. 4129000

C. Rs. 4130000

D. Rs. 4131000

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Correct Answer: Option C

Explanation:
P = (11541600 × 100)/(31 × 9) = 4130000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 4194000 for 3 years at 98% per annum is

A. Rs. 12328560

B. Rs. 12328960

C. Rs. 12328360

D. Rs. 12328760

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Correct Answer: Option A

Explanation:
SI = (4194000 × 98 × 3)/100 = 12328560.

This question belongs to: Maths Simple Interest

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