A sum of Rs. 3060000 amounts to Rs. 4284000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3060000 amounts to Rs. 4284000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1224000. R = (1224000 × 100)/(3060000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 513000 amounts to Rs. 666900 in 3 years is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 153900. R = (153900 × 100)/(513000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal giving Rs. 30240 SI in 8 years at 7%

A. Rs. 55000

B. Rs. 54000

C. Rs. 53000

D. Rs. 52000

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Correct Answer: Option B

Explanation:
P = (30240 * 100)/(7 * 8) = 54000.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 336000 at 8% to amount Rs. 470400

A. 4 years

B. 7 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 134400. T = (134400 * 100)/(336000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

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