A sum of Rs. 28000 amounts to Rs. 39200 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 28000 amounts to Rs. 39200 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 12%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 11200. R = (11200 × 100)/(28000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 2241000 amount to Rs. 3137400 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 896400. T = (896400 × 100)/(2241000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Years for Rs. 322000 at 11% to give Rs. 212520 interest

A. 5 years

B. 4 years

C. 7 years

D. 6 years

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Correct Answer: Option D

Explanation:
T = (212520 * 100)/(322000 * 11) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3051000 amount to Rs. 4271400 at 8% simple interest?

A. 6 years

B. 4 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 1220400. T = (1220400 × 100)/(3051000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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