A sum of Rs. 42000 amounts to Rs. 58800 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 42000 amounts to Rs. 58800 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 = 16800. R = (16800 × 100)/(42000 × 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. 909000 for 3 years at 25% per annum is

A. Rs. 681550

B. Rs. 681950

C. Rs. 682150

D. Rs. 681750

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SI = (909000 × 25 × 3)/100 = 681750.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 1917000 for 2 years at 50% per annum is

A. Rs. 1917200

B. Rs. 1917000

C. Rs. 1917400

D. Rs. 1916800

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = (1917000 × 50 × 2)/100 = 1917000.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 176400 interest in 7 years at 9% SI is

A. Rs. 280000

B. Rs. 278000

C. Rs. 279000

D. Rs. 281000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
P = (176400 × 100)/(9 × 7) = 280000.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs