A sum of Rs. 630000 amounts to Rs. 882000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 630000 amounts to Rs. 882000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 252000. R = (252000 × 100)/(630000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 684000 for 3 years at 20% per annum is

A. Rs. 410600

B. Rs. 410400

C. Rs. 410200

D. Rs. 410800

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Correct Answer: Option B

Explanation:
SI = (684000 × 20 × 3)/100 = 410400.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 864000 for 3 years at 24% per annum is

A. Rs. 622080

B. Rs. 622480

C. Rs. 621880

D. Rs. 622280

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Correct Answer: Option A

Explanation:
SI = (864000 × 24 × 3)/100 = 622080.

This question belongs to: Maths Simple Interest

Question #3

Rate for Rs. 70000 to Rs. 91000 in 3 years SI

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 21000. R = (21000 * 100)/(70000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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