A sum of Rs. 198000 amounts to Rs. 277200 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question Report Error

A sum of Rs. 198000 amounts to Rs. 277200 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 79200. R = (79200 × 100)/(198000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 1584000 for 3 years at 40% per annum is

A. Rs. 1901200

B. Rs. 1900800

C. Rs. 1901000

D. Rs. 1900600

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SI = (1584000 × 40 × 3)/100 = 1900800.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The principal that gives Rs. 88200 interest in 6 years at 7% SI is

A. Rs. 210000

B. Rs. 208000

C. Rs. 211000

D. Rs. 209000

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
P = (88200 × 100)/(7 × 6) = 210000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The sum that amounts to Rs. 28800 in 5 years at 8% SI

A. Rs. 20200

B. Rs. 19200

C. Rs. 18200

D. Rs. 17200

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SI = 9600. P = 28800 - 9600 = 19200.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs