A sum of Rs. 180000 amounts to Rs. 252000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

A sum of Rs. 180000 amounts to Rs. 252000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

SI = 72000. R = (72000 × 100)/(180000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

A certain sum amounts to Rs. 16200 in 4 years and Rs. 17550 in 6 years at SI. The principal is

A. Rs. 15000

B. Rs. 13500

C. Rs. 10500

D. Rs. 12000

Correct Answer: Option B

Explanation:
Difference 2 years = 1350. SI 1 year = 675. SI 4 years = 2700. Principal = 16200 - 2700 = 13500.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 1296000 amount to Rs. 1814400 at 8% simple interest?

A. 6 years

B. 7 years

C. 5 years

D. 4 years

Correct Answer: Option C

Explanation:
SI = 518400. T = (518400 × 100)/(1296000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum of Rs. 855000 amounts to Rs. 1197000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

Correct Answer: Option B

Explanation:
SI = 342000. R = (342000 × 100)/(855000 × 4) = 10%.

This question belongs to: Maths Simple Interest