A sum of Rs. 35600 amounts to Rs. 40584 in 2 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 35600 amounts to Rs. 40584 in 2 years at simple interest. The rate is

A. 7%

B. 8%

C. 9%

D. 6%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 4984. R = (4984 × 100)/(35600 × 2) = 7%.

This question belongs to: Maths Simple Interest

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Question #1

A sum amounts to Rs. 26600 in 4 years at 9% SI. Principal

A. Rs. 18000

B. Rs. 21000

C. Rs. 20000

D. Rs. 19000

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Correct Answer: Option C

Explanation:
SI = 6600. P = 26600 - 6600 = 20000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2664000 for 3 years at 64% per annum is

A. Rs. 5115080

B. Rs. 5115280

C. Rs. 5114680

D. Rs. 5114880

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Correct Answer: Option D

Explanation:
SI = (2664000 × 64 × 3)/100 = 5114880.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2655000 amounts to Rs. 3717000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1062000. R = (1062000 × 100)/(2655000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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