A sum of Rs. 4410000 amounts to Rs. 6174000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4410000 amounts to Rs. 6174000 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 = 1764000. R = (1764000 × 100)/(4410000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Time for Rs. 77000 at 9% to amount Rs. 107800

A. 6 years

B. 4 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 30800. T = (30800 * 100)/(77000 * 9) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 2295000 amounts to Rs. 3213000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 918000. R = (918000 × 100)/(2295000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 396000 for 3 years at 14% per annum is

A. Rs. 166720

B. Rs. 166320

C. Rs. 166120

D. Rs. 166520

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Correct Answer: Option B

Explanation:
SI = (396000 × 14 × 3)/100 = 166320.

This question belongs to: Maths Simple Interest

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