A sum of Rs. 288000 amounts to Rs. 403200 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 288000 amounts to Rs. 403200 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 115200. R = (115200 × 100)/(288000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 13759200 interest in 9 years at 34% SI is

A. Rs. 4501000

B. Rs. 4500000

C. Rs. 4498000

D. Rs. 4499000

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Correct Answer: Option B

Explanation:
P = (13759200 × 100)/(34 × 9) = 4500000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 4617000 for 2 years at 108% per annum is

A. Rs. 9973120

B. Rs. 9972520

C. Rs. 9972720

D. Rs. 9972920

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Correct Answer: Option C

Explanation:
SI = (4617000 × 108 × 2)/100 = 9972720.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 140000 at 9% to amount Rs. 196000

A. 5 years

B. 4 years

C. 3 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 56000. T = (56000 * 100)/(140000 * 9) = 4 years.

This question belongs to: Maths Simple Interest

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