A sum of Rs. 1305000 amounts to Rs. 1827000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1305000 amounts to Rs. 1827000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

Answer: Option A

Solution (By JKExamLibrary)

SI = 522000. R = (522000 × 100)/(1305000 × 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. 144000 for 3 years at 10% per annum is

A. Rs. 43400

B. Rs. 43000

C. Rs. 43600

D. Rs. 43200

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Correct Answer: Option D

Explanation:
SI = (144000 × 10 × 3)/100 = 43200.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Rate when Rs. 175000 amounts to Rs. 227500 in 3 years

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 52500. R = (52500 * 100)/(175000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 2592000 for 2 years at 65% per annum is

A. Rs. 3370000 approx adjusted

B. Rs. 3370200

C. Rs. 3369600

D. Rs. 3369800

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
SI = (2592000 × 65 × 2)/100 = 3369600.

This question belongs to: Maths Simple Interest

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