A sum of Rs. 1620000 amounts to Rs. 2268000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1620000 amounts to Rs. 2268000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 9%

D. 12%

Answer: Option A

Solution (By JKExamLibrary)

SI = 648000. R = (648000 × 100)/(1620000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

The principal that gives Rs. 327600 interest in 9 years at 10% SI is

A. Rs. 364000

B. Rs. 362000

C. Rs. 363000

D. Rs. 365000

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Correct Answer: Option A

Explanation:
P = (327600 × 100)/(10 × 9) = 364000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 792000 for 2 years at 25% per annum is

A. Rs. 396200

B. Rs. 395800

C. Rs. 396400

D. Rs. 396000

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Correct Answer: Option D

Explanation:
SI = (792000 × 25 × 2)/100 = 396000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The rate at which Rs. 2943000 amounts to Rs. 3825900 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 882900. R = (882900 × 100)/(2943000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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