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. 8%

C. 12%

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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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 909000 for 3 years at 25% per annum is

A. Rs. 681750

B. Rs. 681950

C. Rs. 681550

D. Rs. 682150

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Correct Answer: Option A

Explanation:
SI = (909000 × 25 × 3)/100 = 681750.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2322000 for 2 years at 59% per annum is

A. Rs. 2741360

B. Rs. 2741560

C. Rs. 2740960

D. Rs. 2741160

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Correct Answer: Option D

Explanation:
SI = (2322000 × 59 × 2)/100 = 2741160.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1674000 for 3 years at 42% per annum is

A. Rs. 2113240

B. Rs. 2113040

C. Rs. 2112840

D. Rs. 2112640

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Correct Answer: Option C

Explanation:
SI = (1674000 × 42 × 3)/100 = 2112840.

This question belongs to: Maths Simple Interest

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