A sum of Rs. 4365000 amounts to Rs. 6111000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4365000 amounts to Rs. 6111000 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 = 1746000. R = (1746000 × 100)/(4365000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 3348000 amounts to Rs. 4352400 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1004400. R = (1004400 × 100)/(3348000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Rate when Rs. 25000 amounts to Rs. 32500 in 3 years SI

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 7500. R = (7500 * 100)/(25000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate of interest at which Rs. 6000 gives Rs. 1200 interest in 4 years is

A. 6%

B. 5%

C. 8%

D. 4%

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Correct Answer: Option B

Explanation:
R = (1200 × 100)/(6000 × 4) = 5%.

This question belongs to: Maths Simple Interest

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