A sum of Rs. 42353 amounts to Rs. 86823 in 7 years at simple interest. Rate is MCQ with Answer and Explanation

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A sum of Rs. 42353 amounts to Rs. 86823 in 7 years at simple interest. Rate is

A. 17%

B. 12%

C. 15%

D. 13%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 44470. R = (44470 * 100)/(42353 * 7) = 15%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

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

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

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

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 50000 for 3 years at 9% per annum is

A. Rs. 13700

B. Rs. 13500

C. Rs. 13300

D. Rs. 13900

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Correct Answer: Option B

Explanation:
SI = (50000 × 9 × 3)/100 = 13500.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 3880800 interest in 9 years at 18% SI is

A. Rs. 2399000

B. Rs. 2398000

C. Rs. 2400000

D. Rs. 2401000

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Correct Answer: Option C

Explanation:
P = (3880800 × 100)/(18 × 9) = 2400000.

This question belongs to: Maths Simple Interest

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