A sum of Rs. 1080000 amounts to Rs. 1512000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

A sum of Rs. 1080000 amounts to Rs. 1512000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 12%

D. 9%

Answer: Option B

SI = 432000. R = (432000 × 100)/(1080000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

A sum of Rs. 4005000 amounts to Rs. 5607000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

Correct Answer: Option C

Explanation:
SI = 1602000. R = (1602000 × 100)/(4005000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The principal giving Rs. 705600 SI in 9 years at 8%

A. Rs. 980000

B. Rs. 981000

C. Rs. 978000

D. Rs. 979000

Correct Answer: Option A

Explanation:
P = (705600 * 100)/(8 * 9) = 980000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 531000 amount to Rs. 743400 at 8% simple interest?

A. 5 years

B. 6 years

C. 7 years

D. 4 years

Correct Answer: Option A

Explanation:
SI = 212400. T = (212400 × 100)/(531000 × 8) = 5 years.

This question belongs to: Maths Simple Interest