A sum of Rs. 3645000 amounts to Rs. 5103000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3645000 amounts to Rs. 5103000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1458000. R = (1458000 × 100)/(3645000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 2628000 amounts to Rs. 3416400 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 788400. R = (788400 × 100)/(2628000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 4762800 interest in 8 years at 23% SI is

A. Rs. 2591000

B. Rs. 2588000

C. Rs. 2589000

D. Rs. 2590000

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Correct Answer: Option D

Explanation:
P = (4762800 × 100)/(23 × 8) = 2590000.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 4545000 amounts to Rs. 6363000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 1818000. R = (1818000 × 100)/(4545000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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