A sum of Rs. 945000 amounts to Rs. 1323000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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

A. 8%

B. 10%

C. 12%

D. 9%

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 7200 amounts to Rs. 9360 in 5 years is

A. 5%

B. 6%

C. 8%

D. 4%

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Correct Answer: Option B

Explanation:
SI = 2160. R = (2160 × 100)/(7200 × 5) = 6%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2484000 for 3 years at 60% per annum is

A. Rs. 4471400

B. Rs. 4471600

C. Rs. 4471000

D. Rs. 4471200

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Correct Answer: Option D

Explanation:
SI = (2484000 × 60 × 3)/100 = 4471200.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 144000 amounts to Rs. 201600 in 5 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 6%

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Correct Answer: Option A

Explanation:
SI = 57600. R = (57600 × 100)/(144000 × 5) = 8%.

This question belongs to: Maths Simple Interest

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