A sum of Rs. 3735000 amounts to Rs. 5229000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3735000 amounts to Rs. 5229000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 9%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1494000. R = (1494000 × 100)/(3735000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 3312000 for 2 years at 81% per annum is

A. Rs. 5365840

B. Rs. 5365440

C. Rs. 5365240

D. Rs. 5365640

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Correct Answer: Option B

Explanation:
SI = (3312000 × 81 × 2)/100 = 5365440.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 1260000 amounts to Rs. 1764000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 12%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 504000. R = (504000 × 100)/(1260000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 4104000 for 3 years at 96% per annum is

A. Rs. 11819920

B. Rs. 11819720

C. Rs. 11819320

D. Rs. 11819520

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Correct Answer: Option D

Explanation:
SI = (4104000 × 96 × 3)/100 = 11819520.

This question belongs to: Maths Simple Interest

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