At what rate percent will Rs. 45000 give Rs. 13500 interest in 5 years? MCQ with Answer and Explanation

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At what rate percent will Rs. 45000 give Rs. 13500 interest in 5 years?

A. 5%

B. 8%

C. 7%

D. 6%

Answer: Option D

Solution (By JKSSB Mock Tests)

R = (13500 × 100)/(45000 × 5) = 6%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 4428000 amounts to Rs. 5756400 in 3 years is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1328400. R = (1328400 × 100)/(4428000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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

A. Rs. 1500

B. Rs. 2100

C. Rs. 1680

D. Rs. 1800

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Correct Answer: Option C

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

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2394000 for 3 years at 58% per annum is

A. Rs. 4165560

B. Rs. 4165360

C. Rs. 4165960

D. Rs. 4165760

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Correct Answer: Option A

Explanation:
SI = (2394000 × 58 × 3)/100 = 4165560.

This question belongs to: Maths Simple Interest

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