A sum of Rs. 405000 amounts to Rs. 567000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 405000 amounts to Rs. 567000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 162000. R = (162000 × 100)/(405000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1287000 for 2 years at 36% per annum is

A. Rs. 926640

B. Rs. 926840

C. Rs. 926440

D. Rs. 927040

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI = (1287000 × 36 × 2)/100 = 926640.

This question belongs to: Maths Simple Interest

Question #2

Principal for SI Rs. 3600 in 4 years at 9%

A. Rs. 8000

B. Rs. 10000

C. Rs. 11000

D. Rs. 9000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
P = (3600 * 100)/(9 * 4) = 10000.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 151200 interest in 6 years at 7% SI is

A. Rs. 361000

B. Rs. 359000

C. Rs. 360000

D. Rs. 358000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
P = (151200 × 100)/(7 × 6) = 360000.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs