A sum of Rs. 3465000 amounts to Rs. 4851000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3465000 amounts to Rs. 4851000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 9%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1386000. R = (1386000 × 100)/(3465000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 117000 amount to Rs. 163800 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 46800. T = (46800 × 100)/(117000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 837000 for 2 years at 29% per annum is

A. Rs. 485460

B. Rs. 485660

C. Rs. 485860

D. Rs. 485260

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Correct Answer: Option A

Explanation:
SI = (837000 × 29 × 2)/100 = 485460.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 4446000 amount to Rs. 6224400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1778400. T = (1778400 × 100)/(4446000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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