A sum of Rs. 486000 amounts to Rs. 680400 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 486000 amounts to Rs. 680400 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 194400. R = (194400 × 100)/(486000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 459000 for 3 years at 15% per annum is

A. Rs. 206950

B. Rs. 206750

C. Rs. 206350

D. Rs. 206550

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Correct Answer: Option D

Explanation:
SI = (459000 × 15 × 3)/100 = 206550.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 4284000 for 3 years at 100% per annum is

A. Rs. 12851800

B. Rs. 12852200

C. Rs. 12852400

D. Rs. 12852000

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Correct Answer: Option D

Explanation:
SI = (4284000 × 100 × 3)/100 = 12852000.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 378000 amounts to Rs. 529200 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 151200. R = (151200 × 100)/(378000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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