A sum of Rs. 36000 amounts to Rs. 50400 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 36000 amounts to Rs. 50400 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 14400. R = (14400 × 100)/(36000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 302400 interest in 8 years at 9% SI is

A. Rs. 419000

B. Rs. 421000

C. Rs. 420000

D. Rs. 418000

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Correct Answer: Option C

Explanation:
P = (302400 × 100)/(9 × 8) = 420000.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 2520000 amounts to Rs. 3528000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1008000. R = (1008000 × 100)/(2520000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 765000 for 2 years at 27% per annum is

A. Rs. 412900

B. Rs. 413100

C. Rs. 413300

D. Rs. 413500

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Correct Answer: Option B

Explanation:
SI = (765000 × 27 × 2)/100 = 413100.

This question belongs to: Maths Simple Interest

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