A sum of Rs. 4500000 amounts to Rs. 6300000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4500000 amounts to Rs. 6300000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 12%

D. 9%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1800000. R = (1800000 × 100)/(4500000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1719000 for 3 years at 43% per annum is

A. Rs. 2218810

B. Rs. 2218610

C. Rs. 2218210

D. Rs. 2218410

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Correct Answer: Option D

Explanation:
SI = (1719000 × 43 × 3)/100 = 2218410.

This question belongs to: Maths Simple Interest

Question #2

SI on Rs. 31500 for 4 years at 7%

A. Rs. 9220

B. Rs. 8620

C. Rs. 9020

D. Rs. 8820

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Correct Answer: Option D

Explanation:
SI = (31500 * 7 * 4)/100 = 8820.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 2988000 amounts to Rs. 3884400 in 3 years is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 896400. R = (896400 × 100)/(2988000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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