A sum of Rs. 3600000 amounts to Rs. 5040000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3600000 amounts to Rs. 5040000 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 = 1440000. R = (1440000 × 100)/(3600000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 4068000 amounts to Rs. 5288400 in 3 years is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1220400. R = (1220400 × 100)/(4068000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 549000 for 2 years at 21% per annum is

A. Rs. 230780

B. Rs. 230980

C. Rs. 230380

D. Rs. 230580

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Correct Answer: Option D

Explanation:
SI = (549000 × 21 × 2)/100 = 230580.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 100800 interest in 7 years at 8% SI is

A. Rs. 180000

B. Rs. 179000

C. Rs. 181000

D. Rs. 178000

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Correct Answer: Option A

Explanation:
P = (100800 × 100)/(8 × 7) = 180000.

This question belongs to: Maths Simple Interest

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