A sum of Rs. 63000 amounts to Rs. 88200 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 63000 amounts to Rs. 88200 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 25200. R = (25200 × 100)/(63000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1854000 for 3 years at 46% per annum is

A. Rs. 2558720

B. Rs. 2558920

C. Rs. 2558520

D. Rs. 2558320

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Correct Answer: Option C

Explanation:
SI = (1854000 × 46 × 3)/100 = 2558520.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 1557000 for 2 years at 42% per annum is

A. Rs. 1307880

B. Rs. 1307680

C. Rs. 1308280

D. Rs. 1308080

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Correct Answer: Option A

Explanation:
SI = (1557000 × 42 × 2)/100 = 1307880.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 4410000 interest in 8 years at 22% SI is

A. Rs. 2498000

B. Rs. 2500000

C. Rs. 2501000

D. Rs. 2499000

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Correct Answer: Option B

Explanation:
P = (4410000 × 100)/(22 × 8) = 2500000.

This question belongs to: Maths Simple Interest

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