A sum of Rs. 585000 amounts to Rs. 819000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 585000 amounts to Rs. 819000 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 = 234000. R = (234000 × 100)/(585000 × 4) = 10%.

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

In how many years will Rs. 855000 amount to Rs. 1197000 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = 342000. T = (342000 × 100)/(855000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 2646000 interest in 8 years at 17% SI is

A. Rs. 1943500

B. Rs. 1940500

C. Rs. 1941500

D. Rs. 1942500

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
P = (2646000 × 100)/(17 × 8) = 1942500.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 225000 for 2 years at 12% per annum is

A. Rs. 54400

B. Rs. 53800

C. Rs. 54200

D. Rs. 54000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SI = (225000 × 12 × 2)/100 = 54000.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs