A sum of Rs. 765000 amounts to Rs. 1071000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 765000 amounts to Rs. 1071000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 306000. R = (306000 × 100)/(765000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest Rs. 19600 for 3 years at 8%

A. Rs. 5104

B. Rs. 4904

C. Rs. 4504

D. Rs. 4704

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Correct Answer: Option D

Explanation:
SI = (19600 * 8 * 3)/100 = 4704.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 201600 interest in 6 years at 7% SI is

A. Rs. 481000

B. Rs. 479000

C. Rs. 478000

D. Rs. 480000

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Correct Answer: Option D

Explanation:
P = (201600 × 100)/(7 × 6) = 480000.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 945000 amounts to Rs. 1323000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 378000. R = (378000 × 100)/(945000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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