A sum of Rs. 50300 amounts to Rs. 77965 in 5 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 50300 amounts to Rs. 77965 in 5 years at simple interest. The rate is

A. 11%

B. 13%

C. 12%

D. 10%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 27665. R = (27665 × 100)/(50300 × 5) = 11%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 945000 for 2 years at 32% per annum is

A. Rs. 605000

B. Rs. 605200

C. Rs. 604600

D. Rs. 604800

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Correct Answer: Option D

Explanation:
SI = (945000 × 32 × 2)/100 = 604800.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 11836800 interest in 8 years at 37% SI is

A. Rs. 4000000

B. Rs. 3999000

C. Rs. 3998000

D. Rs. 4001000

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Correct Answer: Option A

Explanation:
P = (11836800 × 100)/(37 × 8) = 4000000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 4212000 for 2 years at 99% per annum is

A. Rs. 8345560

B. Rs. 8345960

C. Rs. 8345760

D. Rs. 8346160

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Correct Answer: Option C

Explanation:
SI = (4212000 × 99 × 2)/100 = 8345760.

This question belongs to: Maths Simple Interest

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