A sum of Rs. 4230000 amounts to Rs. 5922000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4230000 amounts to Rs. 5922000 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 = 1692000. R = (1692000 × 100)/(4230000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 248500 for 4 years at 8%

A. Rs. 79720

B. Rs. 79520

C. Rs. 79320

D. Rs. 79920

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Correct Answer: Option B

Explanation:
SI = (248500 * 8 * 4)/100 = 79520.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 2295000 amounts to Rs. 3213000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 918000. R = (918000 × 100)/(2295000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 2583000 amounts to Rs. 3357900 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 774900. R = (774900 × 100)/(2583000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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