A sum of Rs. 432000 amounts to Rs. 604800 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 432000 amounts to Rs. 604800 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 172800. R = (172800 × 100)/(432000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Principal for SI Rs. 3600 in 4 years at 9%

A. Rs. 9000

B. Rs. 8000

C. Rs. 10000

D. Rs. 11000

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Correct Answer: Option C

Explanation:
P = (3600 * 100)/(9 * 4) = 10000.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 162000 amounts to Rs. 210600 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 48600. R = (48600 × 100)/(162000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 3888000 amounts to Rs. 5054400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 1166400. R = (1166400 × 100)/(3888000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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