A sum of Rs. 3105000 amounts to Rs. 4347000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 3105000 amounts to Rs. 4347000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1242000. R = (1242000 × 100)/(3105000 × 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 principal that gives Rs. 2998800 interest in 8 years at 18% SI is

A. Rs. 2081500

B. Rs. 2080500

C. Rs. 2083500

D. Rs. 2082500

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
P = (2998800 × 100)/(18 × 8) = 2082500.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 1575000 amounts to Rs. 2205000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = 630000. R = (630000 × 100)/(1575000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 1940400 interest in 8 years at 16% SI is

A. Rs. 1516000

B. Rs. 1514000

C. Rs. 1513000

D. Rs. 1515000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
P = (1940400 × 100)/(16 × 8) = 1515000.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs