A sum of Rs. 4545000 amounts to Rs. 6363000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4545000 amounts to Rs. 6363000 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 = 1818000. R = (1818000 × 100)/(4545000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Years for Rs. 350000 at 9% to give Rs. 189000 interest

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option C

Explanation:
T = (189000 * 100)/(350000 * 9) = 6 years.

This question belongs to: Maths Simple Interest

Question #2

Rate when Rs. 371000 amounts to Rs. 482300 in 3 years

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 111300. R = (111300 * 100)/(371000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 144000 for 3 years at 10% per annum is

A. Rs. 43400

B. Rs. 43200

C. Rs. 43000

D. Rs. 43600

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Correct Answer: Option B

Explanation:
SI = (144000 × 10 × 3)/100 = 43200.

This question belongs to: Maths Simple Interest

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