A sum of Rs. 378000 amounts to Rs. 529200 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 378000 amounts to Rs. 529200 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 151200. R = (151200 × 100)/(378000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 2718000 amounts to Rs. 3533400 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 815400. R = (815400 × 100)/(2718000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 144000 for 3 years at 10% per annum is

A. Rs. 43400

B. Rs. 43200

C. Rs. 43000

D. Rs. 43600

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Correct Answer: Option B

Explanation:
SI = (144000 × 10 × 3)/100 = 43200.

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Question #3

Simple interest on Rs. 4032000 for 2 years at 97% per annum is

A. Rs. 7822480

B. Rs. 7822280

C. Rs. 7821880

D. Rs. 7822080

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Correct Answer: Option D

Explanation:
SI = (4032000 × 97 × 2)/100 = 7822080.

This question belongs to: Maths Simple Interest

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