A sum of Rs. 3870000 amounts to Rs. 5418000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3870000 amounts to Rs. 5418000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 12%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 1548000. R = (1548000 × 100)/(3870000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 178500 for 4 years at 10%

A. Rs. 71600

B. Rs. 71200

C. Rs. 71800

D. Rs. 71400

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Correct Answer: Option D

Explanation:
SI = (178500 * 10 * 4)/100 = 71400.

This question belongs to: Maths Simple Interest

Question #2

Years for Rs. 322000 at 11% to give Rs. 212520 interest

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option A

Explanation:
T = (212520 * 100)/(322000 * 11) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 42353 amounts to Rs. 86823 in 7 years at simple interest. Rate is

A. 17%

B. 13%

C. 12%

D. 15%

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Correct Answer: Option D

Explanation:
SI = 44470. R = (44470 * 100)/(42353 * 7) = 15%.

This question belongs to: Maths Simple Interest

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