A sum of Rs. 4590000 amounts to Rs. 6426000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4590000 amounts to Rs. 6426000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1836000. R = (1836000 × 100)/(4590000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 25200 interest in 6 years at 7% SI is

A. Rs. 59000

B. Rs. 60000

C. Rs. 58000

D. Rs. 61000

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Correct Answer: Option B

Explanation:
P = (25200 × 100)/(7 × 6) = 60000.

This question belongs to: Maths Simple Interest

Question #2

Time for Rs. 48000 at 8% to amount Rs. 67200

A. 6 years

B. 5 years

C. 7 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 19200. T = (19200 * 100)/(48000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2682000 for 2 years at 67% per annum is

A. Rs. 3593880

B. Rs. 3594080

C. Rs. 3594280

D. Rs. 3593680

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Correct Answer: Option A

Explanation:
SI = (2682000 × 67 × 2)/100 = 3593880.

This question belongs to: Maths Simple Interest

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