A sum of Rs. 28000 amounts to Rs. 36400 in 3 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 28000 amounts to Rs. 36400 in 3 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 8400. R = (8400 × 100)/(28000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

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

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 729000 for 2 years at 26% per annum is

A. Rs. 378880

B. Rs. 379080

C. Rs. 379480

D. Rs. 379280

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Correct Answer: Option B

Explanation:
SI = (729000 × 26 × 2)/100 = 379080.

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Question #3

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A man borrowed Rs. 15000 at 10% simple interest. He repaid Rs. 9000 after 2 years. Amount to be paid at end of 4 years to clear debt is

A. Rs. 13200

B. Rs. 12000

C. Rs. 9600

D. Rs. 10800

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Correct Answer: Option D

Explanation:
SI for 2 years on 15000 = 3000. Amount = 18000. Paid 9000. Remaining 9000 for 2 years. SI = 1800. Total = 10800.

This question belongs to: Maths Simple Interest

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