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. 10%

C. 9%

D. 8%

Answer: Option B

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

Simple interest on Rs. 3384000 for 3 years at 80% per annum is

A. Rs. 8121800

B. Rs. 8122000

C. Rs. 8121400

D. Rs. 8121600

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Correct Answer: Option D

Explanation:
SI = (3384000 × 80 × 3)/100 = 8121600.

This question belongs to: Maths Simple Interest

Question #2

Principal for Rs. 10800 interest in 6 years at 6%

A. Rs. 29000

B. Rs. 30000

C. Rs. 31000

D. Rs. 28000

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Correct Answer: Option B

Explanation:
P = (10800 * 100)/(6 * 6) = 30000.

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Question #3

The principal that gives Rs. 277200 interest in 7 years at 9% SI is

A. Rs. 440000

B. Rs. 438000

C. Rs. 439000

D. Rs. 441000

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Correct Answer: Option A

Explanation:
P = (277200 × 100)/(9 × 7) = 440000.

This question belongs to: Maths Simple Interest

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