A sum of Rs. 3960000 amounts to Rs. 5544000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3960000 amounts to Rs. 5544000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 9%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1584000. R = (1584000 × 100)/(3960000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 684000 for 3 years at 20% per annum is

A. Rs. 410200

B. Rs. 410800

C. Rs. 410600

D. Rs. 410400

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Correct Answer: Option D

Explanation:
SI = (684000 × 20 × 3)/100 = 410400.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 15000 for 4 years at 8% is

A. Rs. 4600

B. Rs. 5000

C. Rs. 4800

D. Rs. 5200

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Correct Answer: Option C

Explanation:
SI = (15000 × 8 × 4)/100 = 4800.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 252000 at 9% to amount Rs. 352800

A. 4 years

B. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 100800. T = (100800 * 100)/(252000 * 9) = 5 years.

This question belongs to: Maths Simple Interest

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