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. 12%

B. 8%

C. 9%

D. 10%

Answer: Option D

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 on Rs. 18841 for 10 years at 9% per annum is

A. Rs. 17456

B. Rs. 16806

C. Rs. 16956

D. Rs. 17156

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Correct Answer: Option C

Explanation:
SI = (18841 * 9 * 10)/100 = 16956.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 729000 for 3 years at 21% per annum is

A. Rs. 459470

B. Rs. 459670

C. Rs. 459070

D. Rs. 459270

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Correct Answer: Option D

Explanation:
SI = (729000 × 21 × 3)/100 = 459270.

This question belongs to: Maths Simple Interest

Question #3

Rate for Rs. 469000 to Rs. 609700 in 3 years SI

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 140700. R = (140700 * 100)/(469000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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