A sum of Rs. 4455000 amounts to Rs. 6237000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4455000 amounts to Rs. 6237000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1782000. R = (1782000 × 100)/(4455000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 2529000 for 3 years at 61% per annum is

A. Rs. 4629470

B. Rs. 4629070

C. Rs. 4629670

D. Rs. 4629270

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Correct Answer: Option D

Explanation:
SI = (2529000 × 61 × 3)/100 = 4629270.

This question belongs to: Maths Simple Interest

Question #2

SI on Rs. 36400 for 3 years at 11%

A. Rs. 12012

B. Rs. 12412

C. Rs. 12212

D. Rs. 11812

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Correct Answer: Option A

Explanation:
SI = (36400 * 11 * 3)/100 = 12012.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3591000 amount to Rs. 5027400 at 8% simple interest?

A. 4 years

B. 7 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 1436400. T = (1436400 × 100)/(3591000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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