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. 10%

B. 8%

C. 12%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 3555000 amounts to Rs. 4977000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1422000. R = (1422000 × 100)/(3555000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 1809000 for 3 years at 45% per annum is

A. Rs. 2442150

B. Rs. 2442350

C. Rs. 2442550

D. Rs. 2441950

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Correct Answer: Option A

Explanation:
SI = (1809000 × 45 × 3)/100 = 2442150.

This question belongs to: Maths Simple Interest

Question #3

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A sum of Rs. 1800000 amounts to Rs. 2520000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 720000. R = (720000 × 100)/(1800000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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