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. 13%

B. 12%

C. 15%

D. 17%

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

Simple interest on Rs. 24628 for 10 years at 7% per annum is

A. Rs. 17439

B. Rs. 17739

C. Rs. 17239

D. Rs. 17089

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Correct Answer: Option C

Explanation:
SI = (24628 * 7 * 10)/100 = 17239.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 3015000 amounts to Rs. 4221000 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 = 1206000. R = (1206000 × 100)/(3015000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 2448000 amounts to Rs. 3182400 in 3 years is

A. 8%

B. 10%

C. 12%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 734400. R = (734400 × 100)/(2448000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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