A sum of Rs. 5000 becomes Rs. 6200 in 3 years at simple interest. The rate percent per annum is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 5000 becomes Rs. 6200 in 3 years at simple interest. The rate percent per annum is

A. 10

B. 12

C. 8

D. 6

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1200. R = (1200 × 100)/(5000 × 3) = 8%.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

Share Report

In how many years will Rs. 4176000 amount to Rs. 5846400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = 1670400. T = (1670400 × 100)/(4176000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Share Report

Years for Rs. 462000 at 14% to give Rs. 388080 interest

A. 7 years

B. 6 years

C. 4 years

D. 5 years

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
T = (388080 * 100)/(462000 * 14) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

Share Report

Time for Rs. 448000 at 13% to amount Rs. 627200

A. 5 years

B. 4 years

C. 6 years

D. 3 years

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = 179200. T = (179200 * 100)/(448000 * 13) = 4 years.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs