A sum of Rs. 2250000 amounts to Rs. 3150000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2250000 amounts to Rs. 3150000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 900000. R = (900000 × 100)/(2250000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 2907000 for 2 years at 72% per annum is

A. Rs. 4185880

B. Rs. 4186480

C. Rs. 4186280

D. Rs. 4186080

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Correct Answer: Option D

Explanation:
SI = (2907000 × 72 × 2)/100 = 4186080.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 783000 amount to Rs. 1096200 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 313200. T = (313200 × 100)/(783000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum of Rs. 1755000 amounts to Rs. 2457000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 8%

D. 12%

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
SI = 702000. R = (702000 × 100)/(1755000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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