A sum of Rs. 2385000 amounts to Rs. 3339000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2385000 amounts to Rs. 3339000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 954000. R = (954000 × 100)/(2385000 × 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. 36000 for 2 years at 11% per annum is

A. Rs. 7720

B. Rs. 7920

C. Rs. 8120

D. Rs. 8320

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Correct Answer: Option B

Explanation:
SI = (36000 × 11 × 2)/100 = 7920.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 3051000 amount to Rs. 4271400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1220400. T = (1220400 × 100)/(3051000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 216000 amount to Rs. 302400 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 86400. T = (86400 × 100)/(216000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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