A sum of Rs. 675000 amounts to Rs. 945000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 675000 amounts to Rs. 945000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 270000. R = (270000 × 100)/(675000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 4586400 interest in 9 years at 20% SI is

A. Rs. 2548000

B. Rs. 2549000

C. Rs. 2550000

D. Rs. 2551000

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Correct Answer: Option C

Explanation:
P = (4586400 × 100)/(20 × 9) = 2550000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 25200 interest in 5 years at 8% SI is

A. Rs. 64000

B. Rs. 61000

C. Rs. 63000

D. Rs. 62000

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Correct Answer: Option C

Explanation:
P = (25200 × 100)/(8 × 5) = 63000.

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Question #3

The principal that gives Rs. 378000 interest in 9 years at 10% SI is

A. Rs. 418000

B. Rs. 419000

C. Rs. 421000

D. Rs. 420000

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Correct Answer: Option D

Explanation:
P = (378000 × 100)/(10 × 9) = 420000.

This question belongs to: Maths Simple Interest

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