A sum of Rs. 306000 amounts to Rs. 428400 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 306000 amounts to Rs. 428400 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 122400. R = (122400 × 100)/(306000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 234000 amounts to Rs. 304200 in 3 years is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 70200. R = (70200 × 100)/(234000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Rate for Rs. 469000 to Rs. 609700 in 3 years SI

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 140700. R = (140700 * 100)/(469000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 4500000 amounts to Rs. 6300000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1800000. R = (1800000 × 100)/(4500000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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