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. 9%

B. 12%

C. 8%

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

The principal that gives Rs. 378000 interest in 8 years at 9% SI is

A. Rs. 526000

B. Rs. 525000

C. Rs. 524000

D. Rs. 523000

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Correct Answer: Option B

Explanation:
P = (378000 × 100)/(9 × 8) = 525000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 576000 for 3 years at 19% per annum is

A. Rs. 328320

B. Rs. 328520

C. Rs. 328120

D. Rs. 328720

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Correct Answer: Option A

Explanation:
SI = (576000 × 19 × 3)/100 = 328320.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 1440000 amounts to Rs. 2016000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 576000. R = (576000 × 100)/(1440000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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