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. 12%

C. 9%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Question #1

SI on Rs. 115500 for 3 years at 12%

A. Rs. 41780

B. Rs. 41580

C. Rs. 41380

D. Rs. 41980

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Correct Answer: Option B

Explanation:
SI = (115500 * 12 * 3)/100 = 41580.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 3213000 amounts to Rs. 4176900 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 963900. R = (963900 × 100)/(3213000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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

A. Rs. 410400

B. Rs. 410800

C. Rs. 410200

D. Rs. 410600

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Correct Answer: Option A

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

This question belongs to: Maths Simple Interest

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