A sum of Rs. 3330000 amounts to Rs. 4662000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3330000 amounts to Rs. 4662000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1332000. R = (1332000 × 100)/(3330000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 4347000 for 2 years at 102% per annum is

A. Rs. 8868280

B. Rs. 8867880

C. Rs. 8867680

D. Rs. 8868080

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Correct Answer: Option B

Explanation:
SI = (4347000 × 102 × 2)/100 = 8867880.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 1278000 amounts to Rs. 1661400 in 3 years is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 383400. R = (383400 × 100)/(1278000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The principal giving Rs. 436800 SI in 7 years at 12%

A. Rs. 520000

B. Rs. 518000

C. Rs. 519000

D. Rs. 521000

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Correct Answer: Option A

Explanation:
P = (436800 * 100)/(12 * 7) = 520000.

This question belongs to: Maths Simple Interest

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