A sum of Rs. 324000 amounts to Rs. 453600 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 324000 amounts to Rs. 453600 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 129600. R = (129600 × 100)/(324000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 1242000 for 2 years at 35% per annum is

A. Rs. 869600

B. Rs. 869200

C. Rs. 869800

D. Rs. 869400

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Correct Answer: Option D

Explanation:
SI = (1242000 × 35 × 2)/100 = 869400.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 144000 amounts to Rs. 187200 in 3 years is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 43200. R = (43200 × 100)/(144000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 4554000 for 3 years at 106% per annum is

A. Rs. 14482200

B. Rs. 14482600

C. Rs. 14482400

D. Rs. 14482000

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Correct Answer: Option A

Explanation:
SI = (4554000 × 106 × 3)/100 = 14482200.

This question belongs to: Maths Simple Interest

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