A sum of Rs. 2610000 amounts to Rs. 3654000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

A sum of Rs. 2610000 amounts to Rs. 3654000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

Answer: Option B

SI = 1044000. R = (1044000 × 100)/(2610000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

A sum of Rs. 2160000 amounts to Rs. 3024000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

Correct Answer: Option D

Explanation:
SI = 864000. R = (864000 × 100)/(2160000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum of money triples itself in 20 years at simple interest. The rate is

A. 10%

B. 15%

C. 8%

D. 12%

Correct Answer: Option A

Explanation:
SI = 2P. R = (200 × 100)/(P × 20) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 1242000 for 2 years at 35% per annum is

A. Rs. 869200

B. Rs. 869400

C. Rs. 869600

D. Rs. 869800

Correct Answer: Option B

Explanation:
SI = (1242000 × 35 × 2)/100 = 869400.

This question belongs to: Maths Simple Interest