A sum of Rs. 2070000 amounts to Rs. 2898000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2070000 amounts to Rs. 2898000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 828000. R = (828000 × 100)/(2070000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

SI on Rs. 199500 for 5 years at 5%

A. Rs. 49875

B. Rs. 50275

C. Rs. 50075

D. Rs. 49675

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Correct Answer: Option A

Explanation:
SI = (199500 * 5 * 5)/100 = 49875.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 81000 amount to Rs. 113400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 32400. T = (32400 × 100)/(81000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 4239000 for 3 years at 99% per annum is

A. Rs. 12596530

B. Rs. 12596330

C. Rs. 12596130

D. Rs. 12595930

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Correct Answer: Option C

Explanation:
SI = (4239000 × 99 × 3)/100 = 12596130.

This question belongs to: Maths Simple Interest

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