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. 10%

C. 9%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1530000. R = (1530000 × 100)/(3825000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 42000 amounts to Rs. 58800 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 16800. R = (16800 × 100)/(42000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 324000 amounts to Rs. 453600 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 129600. R = (129600 × 100)/(324000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 1152000 for 2 years at 33% per annum is

A. Rs. 760320

B. Rs. 760720

C. Rs. 760120

D. Rs. 760520

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Correct Answer: Option A

Explanation:
SI = (1152000 × 33 × 2)/100 = 760320.

This question belongs to: Maths Simple Interest

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