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. 8%

C. 12%

D. 9%

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

The principal that gives Rs. 25200 interest in 6 years at 7% SI is

A. Rs. 59000

B. Rs. 60000

C. Rs. 58000

D. Rs. 61000

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Correct Answer: Option B

Explanation:
P = (25200 × 100)/(7 × 6) = 60000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 12974400 interest in 8 years at 39% SI is

A. Rs. 4151000

B. Rs. 4150000

C. Rs. 4149000

D. Rs. 4148000

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Correct Answer: Option B

Explanation:
P = (12974400 × 100)/(39 × 8) = 4150000.

This question belongs to: Maths Simple Interest

Question #3

Rate for Rs. 469000 to Rs. 609700 in 3 years SI

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 140700. R = (140700 * 100)/(469000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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