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. 10%

C. 9%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 3699000 for 3 years at 87% per annum is

A. Rs. 9653490

B. Rs. 9653290

C. Rs. 9653690

D. Rs. 9653890

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Correct Answer: Option A

Explanation:
SI = (3699000 × 87 × 3)/100 = 9653490.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 3420000 amounts to Rs. 4788000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1368000. R = (1368000 × 100)/(3420000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 4158000 amounts to Rs. 5405400 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 1247400. R = (1247400 × 100)/(4158000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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