A sum of Rs. 45000 amounts to Rs. 58500 in 3 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 45000 amounts to Rs. 58500 in 3 years at simple interest. The rate is

A. 8%

B. 10%

C. 12%

D. 9%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 13500. R = (13500 × 100)/(45000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 3312000 for 2 years at 81% per annum is

A. Rs. 5365840

B. Rs. 5365640

C. Rs. 5365240

D. Rs. 5365440

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SI = (3312000 × 81 × 2)/100 = 5365440.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 522000 amounts to Rs. 678600 in 3 years is

A. 9%

B. 12%

C. 8%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SI = 156600. R = (156600 × 100)/(522000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 1791000 amount to Rs. 2507400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = 716400. T = (716400 × 100)/(1791000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs