A sum of Rs. 3285000 amounts to Rs. 4599000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3285000 amounts to Rs. 4599000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1314000. R = (1314000 × 100)/(3285000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

SI on Rs. 185500 for 3 years at 14%

A. Rs. 77610

B. Rs. 77810

C. Rs. 78210

D. Rs. 78010

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Correct Answer: Option B

Explanation:
SI = (185500 * 14 * 3)/100 = 77810.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 1926000 amount to Rs. 2696400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 770400. T = (770400 × 100)/(1926000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2394000 for 3 years at 58% per annum is

A. Rs. 4165960

B. Rs. 4165360

C. Rs. 4165760

D. Rs. 4165560

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Correct Answer: Option D

Explanation:
SI = (2394000 × 58 × 3)/100 = 4165560.

This question belongs to: Maths Simple Interest

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