A sum of Rs. 2700000 amounts to Rs. 3780000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2700000 amounts to Rs. 3780000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

Solution (By JKExamLibrary)

SI = 1080000. R = (1080000 × 100)/(2700000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

The principal that gives Rs. 9126000 interest in 9 years at 26% SI is

A. Rs. 3900000

B. Rs. 3898000

C. Rs. 3899000

D. Rs. 3901000

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Correct Answer: Option A

Explanation:
P = (9126000 × 100)/(26 × 9) = 3900000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 1449000 for 3 years at 37% per annum is

A. Rs. 1607770

B. Rs. 1608170

C. Rs. 1608370

D. Rs. 1607970

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Correct Answer: Option D

Explanation:
SI = (1449000 × 37 × 3)/100 = 1607970.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Principal for Rs. 604800 interest in 9 years at 8%

A. Rs. 840000

B. Rs. 838000

C. Rs. 839000

D. Rs. 841000

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
P = (604800 * 100)/(8 * 9) = 840000.

This question belongs to: Maths Simple Interest

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