A sum of Rs. 3240000 amounts to Rs. 4536000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3240000 amounts to Rs. 4536000 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 = 1296000. R = (1296000 × 100)/(3240000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

At what rate percent will Rs. 25000 give Rs. 7500 interest in 5 years?

A. 7%

B. 6%

C. 8%

D. 5%

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Correct Answer: Option B

Explanation:
R = (7500 × 100)/(25000 × 5) = 6%.

This question belongs to: Maths Simple Interest

Question #2

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

A. Rs. 1514000

B. Rs. 1516000

C. Rs. 1515000

D. Rs. 1513000

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Correct Answer: Option C

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

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 4077000 for 2 years at 98% per annum is

A. Rs. 7990920

B. Rs. 7990720

C. Rs. 7991120

D. Rs. 7991320

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Correct Answer: Option A

Explanation:
SI = (4077000 × 98 × 2)/100 = 7990920.

This question belongs to: Maths Simple Interest

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