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. 8%

C. 12%

D. 9%

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. 1134000 for 3 years at 30% per annum is

A. Rs. 1020400

B. Rs. 1020800

C. Rs. 1021000

D. Rs. 1020600

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Correct Answer: Option D

Explanation:
SI = (1134000 × 30 × 3)/100 = 1020600.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 1098000 amounts to Rs. 1427400 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 329400. R = (329400 × 100)/(1098000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 3159000 for 3 years at 75% per annum is

A. Rs. 7110550

B. Rs. 7110950

C. Rs. 7110750

D. Rs. 7111150

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Correct Answer: Option C

Explanation:
SI = (3159000 × 75 × 3)/100 = 7110750.

This question belongs to: Maths Simple Interest

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