A sum of Rs. 2970000 amounts to Rs. 4158000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2970000 amounts to Rs. 4158000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1188000. R = (1188000 × 100)/(2970000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1899000 for 3 years at 47% per annum is

A. Rs. 2678070

B. Rs. 2677870

C. Rs. 2678470

D. Rs. 2678270

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Correct Answer: Option A

Explanation:
SI = (1899000 × 47 × 3)/100 = 2678070.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 24500 for 3 years at 9% is

A. Rs. 6615

B. Rs. 6415

C. Rs. 7015

D. Rs. 6815

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Correct Answer: Option A

Explanation:
SI = (24500 * 9 * 3)/100 = 6615.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 4518000 amounts to Rs. 5873400 in 3 years is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 1355400. R = (1355400 × 100)/(4518000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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