A sum of Rs. 4185000 amounts to Rs. 5859000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4185000 amounts to Rs. 5859000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1674000. R = (1674000 × 100)/(4185000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Rate for Rs. 49000 to become Rs. 63700 in 3 years SI

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 14700. R = (14700 * 100)/(49000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Years for Rs. 119000 at 6% to give Rs. 42840 interest

A. 5 years

B. 7 years

C. 6 years

D. 4 years

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Correct Answer: Option C

Explanation:
T = (42840 * 100)/(119000 * 6) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 100800 interest in 7 years at 8% SI is

A. Rs. 180000

B. Rs. 179000

C. Rs. 181000

D. Rs. 178000

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Correct Answer: Option A

Explanation:
P = (100800 × 100)/(8 × 7) = 180000.

This question belongs to: Maths Simple Interest

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