A sum of Rs. 1800000 amounts to Rs. 2520000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 1800000 amounts to Rs. 2520000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

Answer: Option C

Solution (By JKExamLibrary)

SI = 720000. R = (720000 × 100)/(1800000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

In how many years will Rs. 1521000 amount to Rs. 2129400 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 608400. T = (608400 × 100)/(1521000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum at 17% SI for 4 years amounts to Rs. 392000. Principal

A. Rs. 209000

B. Rs. 210000

C. Rs. 208000

D. Rs. 211000

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SI = 182000. P = 392000 - 182000 = 210000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum becomes Rs. 20400 after 3 years and Rs. 22800 after 5 years at simple interest. The principal is

A. Rs. 15200

B. Rs. 16000

C. Rs. 16800

D. Rs. 17600

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
Difference for 2 years = 2400. SI per year = 1200. SI for 3 years = 3600. Principal = 20400 - 3600 = 16800.

This question belongs to: Maths Simple Interest

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