At what rate percent will Rs. 25000 give Rs. 7500 interest in 5 years? MCQ with Answer and Explanation

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At what rate percent will Rs. 25000 give Rs. 7500 interest in 5 years?

A. 5%

B. 8%

C. 6%

D. 7%

Answer: Option C

Solution (By JKSSB Mock Tests)

R = (7500 × 100)/(25000 × 5) = 6%.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 351000 amount to Rs. 491400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 140400. T = (140400 × 100)/(351000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 3681000 amount to Rs. 5153400 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 1472400. T = (1472400 × 100)/(3681000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 12000 for 2 years at 7% per annum is

A. Rs. 2100

B. Rs. 1800

C. Rs. 1680

D. Rs. 1500

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Correct Answer: Option C

Explanation:
SI = (12000 × 7 × 2)/100 = 1680.

This question belongs to: Maths Simple Interest

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