The rate of interest at which Rs. 6000 gives Rs. 1200 interest in 4 years is MCQ with Answer and Explanation

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The rate of interest at which Rs. 6000 gives Rs. 1200 interest in 4 years is

A. 6%

B. 4%

C. 8%

D. 5%

Answer: Option D

Solution (By JKSSB Mock Tests)

R = (1200 × 100)/(6000 × 4) = 5%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 810000 amounts to Rs. 1134000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 324000. R = (324000 × 100)/(810000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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The principal for Rs. 20160 interest in 8 years at 6%

A. Rs. 40000

B. Rs. 42000

C. Rs. 43000

D. Rs. 41000

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Correct Answer: Option B

Explanation:
P = (20160 * 100)/(6 * 8) = 42000.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 414000 for 3 years at 14% per annum is

A. Rs. 174280

B. Rs. 173880

C. Rs. 174080

D. Rs. 173680

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Correct Answer: Option B

Explanation:
SI = (414000 × 14 × 3)/100 = 173880.

This question belongs to: Maths Simple Interest

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