A sum of Rs. 504000 amounts to Rs. 705600 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 504000 amounts to Rs. 705600 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 201600. R = (201600 × 100)/(504000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 387000 for 2 years at 16% per annum is

A. Rs. 124240

B. Rs. 123840

C. Rs. 123640

D. Rs. 124040

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Correct Answer: Option B

Explanation:
SI = (387000 × 16 × 2)/100 = 123840.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 56000 for 2 years at 12% per annum is

A. Rs. 13240

B. Rs. 13840

C. Rs. 13640

D. Rs. 13440

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Correct Answer: Option D

Explanation:
SI = (56000 × 12 × 2)/100 = 13440.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 3708000 amounts to Rs. 4820400 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1112400. R = (1112400 × 100)/(3708000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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