A sum of Rs. 4635000 amounts to Rs. 6489000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4635000 amounts to Rs. 6489000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1854000. R = (1854000 × 100)/(4635000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 2331000 amount to Rs. 3263400 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 932400. T = (932400 × 100)/(2331000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 1710000 amounts to Rs. 2394000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 684000. R = (684000 × 100)/(1710000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 378000 interest in 9 years at 10% SI is

A. Rs. 418000

B. Rs. 421000

C. Rs. 420000

D. Rs. 419000

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Correct Answer: Option C

Explanation:
P = (378000 × 100)/(10 × 9) = 420000.

This question belongs to: Maths Simple Interest

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