A sum of Rs. 2430000 amounts to Rs. 3402000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2430000 amounts to Rs. 3402000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 12%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 972000. R = (972000 × 100)/(2430000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

A sum at 12% SI for 4 years amounts to Rs. 224000. Principal

A. Rs. 139000

B. Rs. 140000

C. Rs. 141000

D. Rs. 138000

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Correct Answer: Option B

Explanation:
SI = 84000. P = 224000 - 84000 = 140000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

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

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

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

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 16500 for 4 years at 10%

A. Rs. 6800

B. Rs. 6400

C. Rs. 6600

D. Rs. 7000

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Correct Answer: Option C

Explanation:
SI = (16500 * 10 * 4)/100 = 6600.

This question belongs to: Maths Simple Interest

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