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. 9%

B. 8%

C. 10%

D. 12%

Answer: Option C

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

Simple interest on Rs. 2664000 for 3 years at 64% per annum is

A. Rs. 5114880

B. Rs. 5114680

C. Rs. 5115080

D. Rs. 5115280

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Correct Answer: Option A

Explanation:
SI = (2664000 × 64 × 3)/100 = 5114880.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 24985 amounts to Rs. 49970 in 10 years at simple interest. Rate is

A. 12%

B. 10%

C. 13%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 24985. R = (24985 * 100)/(24985 * 10) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 783000 amounts to Rs. 1017900 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 234900. R = (234900 × 100)/(783000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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