A sum of Rs. 450000 amounts to Rs. 630000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 450000 amounts to Rs. 630000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 180000. R = (180000 × 100)/(450000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 873000 amounts to Rs. 1134900 in 3 years is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 261900. R = (261900 × 100)/(873000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 4293000 amounts to Rs. 5580900 in 3 years is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1287900. R = (1287900 × 100)/(4293000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 164500 for 2 years at 15%

A. Rs. 49350

B. Rs. 49750

C. Rs. 49150

D. Rs. 49550

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Correct Answer: Option A

Explanation:
SI = (164500 * 15 * 2)/100 = 49350.

This question belongs to: Maths Simple Interest

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