A sum of Rs. 4095000 amounts to Rs. 5733000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4095000 amounts to Rs. 5733000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1638000. R = (1638000 × 100)/(4095000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

A sum at 12% SI for 4 years amounts to Rs. 57600. Principal

A. Rs. 36000

B. Rs. 37000

C. Rs. 35000

D. Rs. 34000

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Correct Answer: Option A

Explanation:
SI = 21600. P = 57600 - 21600 = 36000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 252000 interest in 7 years at 10% SI is

A. Rs. 360000

B. Rs. 359000

C. Rs. 361000

D. Rs. 358000

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Correct Answer: Option A

Explanation:
P = (252000 × 100)/(10 × 7) = 360000.

This question belongs to: Maths Simple Interest

Question #3

The simple interest on a sum for 4 years at 9% is Rs. 10800. The principal is

A. Rs. 30000

B. Rs. 28000

C. Rs. 31000

D. Rs. 29000

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Correct Answer: Option A

Explanation:
P = (10800 × 100)/(9 × 4) = 30000.

This question belongs to: Maths Simple Interest

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