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. 12%

B. 8%

C. 9%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 2862000 for 2 years at 71% per annum is

A. Rs. 4065040

B. Rs. 4065440

C. Rs. 4065240

D. Rs. 4065640

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Correct Answer: Option C

Explanation:
SI = (2862000 × 71 × 2)/100 = 4065240.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 126000 amount to Rs. 176400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 50400. T = (50400 × 100)/(126000 × 8) = 5 years.

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Question #3

A sum of Rs. 90000 amounts to Rs. 126000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 36000. R = (36000 × 100)/(90000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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