A sum of Rs. 2340000 amounts to Rs. 3276000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2340000 amounts to Rs. 3276000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

Answer: Option A

Solution (By JKExamLibrary)

SI = 936000. R = (936000 × 100)/(2340000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The principal on which SI for 5 years at 7% is Rs. 12250 is

A. Rs. 34000

B. Rs. 35000

C. Rs. 36000

D. Rs. 33000

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Correct Answer: Option B

Explanation:
P = (12250 * 100)/(7 * 5) = 35000.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 3645000 amounts to Rs. 5103000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 1458000. R = (1458000 × 100)/(3645000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Years for Rs. 27000 at 6% to give Rs. 9720 interest

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option D

Explanation:
T = (9720 * 100)/(27000 * 6) = 6 years.

This question belongs to: Maths Simple Interest

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