A sum of Rs. 3015000 amounts to Rs. 4221000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 3015000 amounts to Rs. 4221000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 12%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 1206000. R = (1206000 × 100)/(3015000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

The rate at which Rs. 2583000 amounts to Rs. 3357900 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SI = 774900. R = (774900 × 100)/(2583000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 3141000 amount to Rs. 4397400 at 8% simple interest?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI = 1256400. T = (1256400 × 100)/(3141000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 288000 amounts to Rs. 374400 in 3 years is

A. 8%

B. 12%

C. 9%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SI = 86400. R = (86400 × 100)/(288000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs