A sum of Rs. 2115000 amounts to Rs. 2961000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

A sum of Rs. 2115000 amounts to Rs. 2961000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

SI = 846000. R = (846000 × 100)/(2115000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

A sum of Rs. 3240000 amounts to Rs. 4536000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

Correct Answer: Option A

Explanation:
SI = 1296000. R = (1296000 × 100)/(3240000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 882000 for 2 years at 27% per annum is

A. Rs. 476680

B. Rs. 476280

C. Rs. 476480

D. Rs. 476080

Correct Answer: Option B

Explanation:
SI = (882000 × 27 × 2)/100 = 476280.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 1422000 for 2 years at 39% per annum is

A. Rs. 1109560

B. Rs. 1109360

C. Rs. 1109160

D. Rs. 1108960

Correct Answer: Option C

Explanation:
SI = (1422000 × 39 × 2)/100 = 1109160.

This question belongs to: Maths Simple Interest