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. 10%

B. 9%

C. 8%

D. 12%

Answer: Option A

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

Simple interest on Rs. 3429000 for 3 years at 81% per annum is

A. Rs. 8333070

B. Rs. 8332870

C. Rs. 8333270

D. Rs. 8333470

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Correct Answer: Option A

Explanation:
SI = (3429000 × 81 × 3)/100 = 8333070.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 2822400 interest in 9 years at 16% SI is

A. Rs. 1960000

B. Rs. 1959000

C. Rs. 1961000

D. Rs. 1958000

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Correct Answer: Option A

Explanation:
P = (2822400 × 100)/(16 × 9) = 1960000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 3924000 for 3 years at 92% per annum is

A. Rs. 10834240

B. Rs. 10834040

C. Rs. 10833640

D. Rs. 10833840

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Correct Answer: Option D

Explanation:
SI = (3924000 × 92 × 3)/100 = 10833840.

This question belongs to: Maths Simple Interest

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