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. 6%

C. 9%

D. 8%

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

The rate at which Rs. 3033000 amounts to Rs. 3942900 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 909900. R = (909900 × 100)/(3033000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 75000 for 4 years at 5% per annum is

A. Rs. 14800

B. Rs. 15400

C. Rs. 15200

D. Rs. 15000

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Correct Answer: Option D

Explanation:
SI = (75000 × 5 × 4)/100 = 15000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 909000 for 2 years at 31% per annum is

A. Rs. 563380

B. Rs. 563780

C. Rs. 563580

D. Rs. 563980

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Correct Answer: Option C

Explanation:
SI = (909000 × 31 × 2)/100 = 563580.

This question belongs to: Maths Simple Interest

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