A sum of Rs. 360000 amounts to Rs. 504000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 360000 amounts to Rs. 504000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 144000. R = (144000 × 100)/(360000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1584000 for 3 years at 40% per annum is

A. Rs. 1901200

B. Rs. 1900800

C. Rs. 1900600

D. Rs. 1901000

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Correct Answer: Option B

Explanation:
SI = (1584000 × 40 × 3)/100 = 1900800.

This question belongs to: Maths Simple Interest

Question #2

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

A. Rs. 563380

B. Rs. 563780

C. Rs. 563980

D. Rs. 563580

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Correct Answer: Option D

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

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 441000 amount to Rs. 617400 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 176400. T = (176400 × 100)/(441000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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