A sum of Rs. 3780000 amounts to Rs. 5292000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 3780000 amounts to Rs. 5292000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1512000. R = (1512000 × 100)/(3780000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 28976 for 4 years at 12% per annum is

A. Rs. 14308

B. Rs. 13708

C. Rs. 14108

D. Rs. 13908

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SI = (28976 * 12 * 4)/100 = 13908.

This question belongs to: Maths Simple Interest

Question #2

Simple interest Rs. 19600 for 3 years at 8%

A. Rs. 4704

B. Rs. 4904

C. Rs. 5104

D. Rs. 4504

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI = (19600 * 8 * 3)/100 = 4704.

This question belongs to: Maths Simple Interest

Question #3

The interest on a sum of Rs. 2000 for 3 years at R% is Rs. 360. What is R?

A. 4

B. 8

C. 6

D. 5

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
R = (360 × 100)/(2000 × 3) = 6.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs