A sum of Rs. 720000 amounts to Rs. 1008000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 720000 amounts to Rs. 1008000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 288000. R = (288000 × 100)/(720000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 16992000 interest in 8 years at 46% SI is

A. Rs. 4616391

B. Rs. 4618391

C. Rs. 4617391

D. Rs. 4615391

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Correct Answer: Option C

Explanation:
P = (16992000 × 100)/(46 × 8) = 4617391.

This question belongs to: Maths Simple Interest

Question #2

Time for Rs. 196000 at 7% to amount Rs. 274400

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 78400. T = (78400 * 100)/(196000 * 7) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 4077000 for 2 years at 98% per annum is

A. Rs. 7990720

B. Rs. 7991320

C. Rs. 7991120

D. Rs. 7990920

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Correct Answer: Option D

Explanation:
SI = (4077000 × 98 × 2)/100 = 7990920.

This question belongs to: Maths Simple Interest

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