A sum of Rs. 1215000 amounts to Rs. 1701000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question Report Error

A sum of Rs. 1215000 amounts to Rs. 1701000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

Solution (By JKExamLibrary)

SI = 486000. R = (486000 × 100)/(1215000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 2619000 for 3 years at 63% per annum is

A. Rs. 4951890

B. Rs. 4952290

C. Rs. 4952090

D. Rs. 4951690

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
SI = (2619000 × 63 × 3)/100 = 4951890.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 4527000 for 2 years at 106% per annum is

A. Rs. 9603240

B. Rs. 9603440

C. Rs. 9603640

D. Rs. 9603040

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
SI = (4527000 × 106 × 2)/100 = 9603240.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The rate at which Rs. 2403000 amounts to Rs. 3123900 in 3 years is

A. 9%

B. 10%

C. 8%

D. 12%

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SI = 720900. R = (720900 × 100)/(2403000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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