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. 8%

B. 12%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 1683000 amounts to Rs. 2187900 in 3 years is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 504900. R = (504900 × 100)/(1683000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 504000 for 3 years at 16% per annum is

A. Rs. 242320

B. Rs. 241720

C. Rs. 242120

D. Rs. 241920

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Correct Answer: Option D

Explanation:
SI = (504000 × 16 × 3)/100 = 241920.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 144000 amounts to Rs. 187200 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 43200. R = (43200 × 100)/(144000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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