The interest on a sum of Rs. 2000 for 3 years at R% is Rs. 360. What is R? MCQ with Answer and Explanation

Question

Share Report Error

The interest on a sum of Rs. 2000 for 3 years at R% is Rs. 360. What is R?

A. 8

B. 4

C. 6

D. 5

Answer: Option C

Solution (By JKSSB Mock Tests)

R = (360 × 100)/(2000 × 3) = 6.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

The rate at which Rs. 3078000 amounts to Rs. 4001400 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SI = 923400. R = (923400 × 100)/(3078000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 513000 for 2 years at 20% per annum is

A. Rs. 205600

B. Rs. 205400

C. Rs. 205200

D. Rs. 205000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SI = (513000 × 20 × 2)/100 = 205200.

This question belongs to: Maths Simple Interest

Question #3

Simple interest Rs. 19600 for 3 years at 8%

A. Rs. 5104

B. Rs. 4904

C. Rs. 4504

D. Rs. 4704

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

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

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs