A sum of Rs. 3195000 amounts to Rs. 4473000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3195000 amounts to Rs. 4473000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1278000. R = (1278000 × 100)/(3195000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 4194000 for 3 years at 98% per annum is

A. Rs. 12328960

B. Rs. 12328360

C. Rs. 12328760

D. Rs. 12328560

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Correct Answer: Option D

Explanation:
SI = (4194000 × 98 × 3)/100 = 12328560.

This question belongs to: Maths Simple Interest

Question #2

Principal that amounts to Rs. 37800 in 6 years at 5% SI

A. Rs. 24200

B. Rs. 23200

C. Rs. 25200

D. Rs. 26200

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Correct Answer: Option C

Explanation:
SI = 12600. P = 37800 - 12600 = 25200.

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Question #3

Simple interest on Rs. 4284000 for 3 years at 100% per annum is

A. Rs. 12851800

B. Rs. 12852200

C. Rs. 12852400

D. Rs. 12852000

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Correct Answer: Option D

Explanation:
SI = (4284000 × 100 × 3)/100 = 12852000.

This question belongs to: Maths Simple Interest

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