A sum of Rs. 3825000 amounts to Rs. 5355000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3825000 amounts to Rs. 5355000 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 = 1530000. R = (1530000 × 100)/(3825000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

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

A. Rs. 43200

B. Rs. 43000

C. Rs. 43400

D. Rs. 43600

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Correct Answer: Option A

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

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 4077000 for 2 years at 98% per annum is

A. Rs. 7990720

B. Rs. 7990920

C. Rs. 7991120

D. Rs. 7991320

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Correct Answer: Option B

Explanation:
SI = (4077000 × 98 × 2)/100 = 7990920.

This question belongs to: Maths Simple Interest

Question #3

A sum becomes Rs. 20400 after 3 years and Rs. 22800 after 5 years at simple interest. The principal is

A. Rs. 15200

B. Rs. 16800

C. Rs. 17600

D. Rs. 16000

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Correct Answer: Option B

Explanation:
Difference for 2 years = 2400. SI per year = 1200. SI for 3 years = 3600. Principal = 20400 - 3600 = 16800.

This question belongs to: Maths Simple Interest

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