A sum of Rs. 4320000 amounts to Rs. 6048000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4320000 amounts to Rs. 6048000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1728000. R = (1728000 × 100)/(4320000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

A sum at 16% SI for 3 years amounts to Rs. 364000. Principal

A. Rs. 208000

B. Rs. 210000

C. Rs. 209000

D. Rs. 211000

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Correct Answer: Option B

Explanation:
SI = 154000. P = 364000 - 154000 = 210000.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 42000 amounts to Rs. 54600 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 12600. R = (12600 × 100)/(42000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1179000 for 3 years at 31% per annum is

A. Rs. 1097370

B. Rs. 1097170

C. Rs. 1097770

D. Rs. 1097570

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Correct Answer: Option A

Explanation:
SI = (1179000 × 31 × 3)/100 = 1097370.

This question belongs to: Maths Simple Interest

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