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. 12%

B. 10%

C. 9%

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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Question #1

The rate at which Rs. 918000 amounts to Rs. 1193400 in 3 years is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 275400. R = (275400 × 100)/(918000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 4762800 interest in 8 years at 23% SI is

A. Rs. 2590000

B. Rs. 2591000

C. Rs. 2589000

D. Rs. 2588000

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Correct Answer: Option A

Explanation:
P = (4762800 × 100)/(23 × 8) = 2590000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1647000 for 2 years at 44% per annum is

A. Rs. 1449160

B. Rs. 1449560

C. Rs. 1449760

D. Rs. 1449360

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Correct Answer: Option D

Explanation:
SI = (1647000 × 44 × 2)/100 = 1449360.

This question belongs to: Maths Simple Interest

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