A sum of Rs. 540000 amounts to Rs. 756000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 540000 amounts to Rs. 756000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 216000. R = (216000 × 100)/(540000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 680400 interest in 9 years at 12% SI is

A. Rs. 628000

B. Rs. 630000

C. Rs. 629000

D. Rs. 631000

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Correct Answer: Option B

Explanation:
P = (680400 × 100)/(12 × 9) = 630000.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 2340000 amounts to Rs. 3276000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 936000. R = (936000 × 100)/(2340000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 1548000 amounts to Rs. 2012400 in 3 years is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 464400. R = (464400 × 100)/(1548000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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