The rate at which Rs. 16500 amounts to Rs. 23100 in 4 years is MCQ with Answer and Explanation

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The rate at which Rs. 16500 amounts to Rs. 23100 in 4 years is

A. 10%

B. 12%

C. 15%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 6600. R = (6600 * 100)/(16500 * 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 504000 for 3 years at 17% per annum is

A. Rs. 257240

B. Rs. 256840

C. Rs. 257040

D. Rs. 257440

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Correct Answer: Option C

Explanation:
SI = (504000 × 17 × 3)/100 = 257040.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 1656000 amount to Rs. 2318400 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 662400. T = (662400 × 100)/(1656000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

The simple interest on a sum of Rs. 8000 for 3 years at 5% per annum is

A. Rs. 1500

B. Rs. 1000

C. Rs. 1800

D. Rs. 1200

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Correct Answer: Option D

Explanation:
SI = (8000 × 5 × 3)/100 = 1200.

This question belongs to: Maths Simple Interest

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