A sum of Rs. 3915000 amounts to Rs. 5481000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3915000 amounts to Rs. 5481000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1566000. R = (1566000 × 100)/(3915000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 75000 for 4 years at 5% per annum is

A. Rs. 15400

B. Rs. 14800

C. Rs. 15200

D. Rs. 15000

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Correct Answer: Option D

Explanation:
SI = (75000 × 5 × 4)/100 = 15000.

This question belongs to: Maths Simple Interest

Question #2

A sum amounts to Rs. 80640 in 6 years at 9% SI. Principal

A. Rs. 46000

B. Rs. 47000

C. Rs. 49000

D. Rs. 48000

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Correct Answer: Option D

Explanation:
SI = 32640. P = 80640 - 32640 = 48000.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 13219200 interest in 9 years at 34% SI is

A. Rs. 4318000

B. Rs. 4319000

C. Rs. 4321000

D. Rs. 4320000

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Correct Answer: Option D

Explanation:
P = (13219200 × 100)/(34 × 9) = 4320000.

This question belongs to: Maths Simple Interest

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