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. 9%

B. 8%

C. 10%

D. 12%

Answer: Option C

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. 729000 for 3 years at 21% per annum is

A. Rs. 459470

B. Rs. 459270

C. Rs. 459670

D. Rs. 459070

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Correct Answer: Option B

Explanation:
SI = (729000 × 21 × 3)/100 = 459270.

This question belongs to: Maths Simple Interest

Question #2

A sum at 12% SI for 4 years amounts to Rs. 224000. Principal

A. Rs. 138000

B. Rs. 139000

C. Rs. 140000

D. Rs. 141000

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Correct Answer: Option C

Explanation:
SI = 84000. P = 224000 - 84000 = 140000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2142000 for 2 years at 55% per annum is

A. Rs. 2356400

B. Rs. 2356200

C. Rs. 2356000

D. Rs. 2356600

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Correct Answer: Option B

Explanation:
SI = (2142000 × 55 × 2)/100 = 2356200.

This question belongs to: Maths Simple Interest

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