A sum of Rs. 225000 amounts to Rs. 315000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

A sum of Rs. 225000 amounts to Rs. 315000 in 4 years at simple interest. The rate is
A. 8%
B. 12%
C. 10%
D. 9%
Answer: Option C
Solution (By JKExamLibrary)
SI = 90000. R = (90000 × 100)/(225000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error
A sum of Rs. 4635000 amounts to Rs. 6489000 in 4 years at simple interest. The rate is
A. 8%
B. 10%
C. 12%
D. 9%

Correct Answer: Option B


Explanation:
SI = 1854000. R = (1854000 × 100)/(4635000 × 4) = 10%.

This question belongs to: Maths Simple Interest
Question #2 Report Error
The rate at which Rs. 414000 amounts to Rs. 538200 in 3 years is
A. 9%
B. 10%
C. 12%
D. 8%

Correct Answer: Option B


Explanation:
SI = 124200. R = (124200 × 100)/(414000 × 3) = 10%.

This question belongs to: Maths Simple Interest
Question #3 Report Error
The rate at which Rs. 873000 amounts to Rs. 1134900 in 3 years is
A. 10%
B. 12%
C. 8%
D. 9%

Correct Answer: Option A


Explanation:
SI = 261900. R = (261900 × 100)/(873000 × 3) = 10%.

This question belongs to: Maths Simple Interest