A sum of Rs. 3510000 amounts to Rs. 4914000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3510000 amounts to Rs. 4914000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 1404000. R = (1404000 × 100)/(3510000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Time for Rs. 224000 at 8% to amount Rs. 313600

A. 6 years

B. 4 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 89600. T = (89600 * 100)/(224000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 1773000 amounts to Rs. 2304900 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 531900. R = (531900 × 100)/(1773000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 42000 amounts to Rs. 58800 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 16800. R = (16800 × 100)/(42000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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