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. 8%

B. 10%

C. 9%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 7776000 interest in 8 years at 30% SI is

A. Rs. 3240000

B. Rs. 3241000

C. Rs. 3238000

D. Rs. 3239000

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Correct Answer: Option A

Explanation:
P = (7776000 × 100)/(30 × 8) = 3240000.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 900000 amounts to Rs. 1260000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 360000. R = (360000 × 100)/(900000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 4617000 for 2 years at 108% per annum is

A. Rs. 9972720

B. Rs. 9972920

C. Rs. 9972520

D. Rs. 9973120

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Correct Answer: Option A

Explanation:
SI = (4617000 × 108 × 2)/100 = 9972720.

This question belongs to: Maths Simple Interest

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