A sum of Rs. 4050000 amounts to Rs. 5670000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4050000 amounts to Rs. 5670000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1620000. R = (1620000 × 100)/(4050000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1224000 for 3 years at 32% per annum is

A. Rs. 1174840

B. Rs. 1175040

C. Rs. 1175440

D. Rs. 1175240

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Correct Answer: Option B

Explanation:
SI = (1224000 × 32 × 3)/100 = 1175040.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2907000 for 2 years at 72% per annum is

A. Rs. 4186280

B. Rs. 4186080

C. Rs. 4186480

D. Rs. 4185880

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Correct Answer: Option B

Explanation:
SI = (2907000 × 72 × 2)/100 = 4186080.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3816000 amount to Rs. 5342400 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 1526400. T = (1526400 × 100)/(3816000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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