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. 8%

B. 10%

C. 9%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 3420000 amounts to Rs. 4788000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1368000. R = (1368000 × 100)/(3420000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 2979000 for 3 years at 71% per annum is

A. Rs. 6350370

B. Rs. 6350170

C. Rs. 6350770

D. Rs. 6350570

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Correct Answer: Option A

Explanation:
SI = (2979000 × 71 × 3)/100 = 6350370.

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 1665000 amounts to Rs. 2331000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 666000. R = (666000 × 100)/(1665000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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