A sum of Rs. 48000 amounts to Rs. 67200 in 5 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 48000 amounts to Rs. 67200 in 5 years at simple interest. The rate is

A. 6%

B. 10%

C. 8%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 19200. R = (19200 × 100)/(48000 × 5) = 8%.

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 1656000 amount to Rs. 2318400 at 8% simple interest?

A. 7 years

B. 4 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 662400. T = (662400 × 100)/(1656000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Rate when Rs. 38000 amounts to Rs. 49400 in 3 years

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 11400. R = (11400 * 100)/(38000 * 3) = 10%.

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Question #3

Simple interest on Rs. 207000 for 2 years at 12% per annum is

A. Rs. 49680

B. Rs. 50080

C. Rs. 49480

D. Rs. 49880

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Correct Answer: Option A

Explanation:
SI = (207000 × 12 × 2)/100 = 49680.

This question belongs to: Maths Simple Interest

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