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. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

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

Simple interest on Rs. 25879 for 7 years at 11% per annum is

A. Rs. 20126

B. Rs. 19926

C. Rs. 19776

D. Rs. 20426

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Correct Answer: Option B

Explanation:
SI = (25879 * 11 * 7)/100 = 19926.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 72000 amounts to Rs. 93600 in 3 years is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 21600. R = (21600 × 100)/(72000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Rate of SI if principal Rs. 28000 gives Rs. 6720 in 3 years

A. 8%

B. 7%

C. 6%

D. 10%

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Correct Answer: Option A

Explanation:
R = (6720 * 100)/(28000 * 3) = 8%.

This question belongs to: Maths Simple Interest

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