A sum of Rs. 2790000 amounts to Rs. 3906000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 2790000 amounts to Rs. 3906000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 8%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 1116000. R = (1116000 × 100)/(2790000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 3789000 for 3 years at 89% per annum is

A. Rs. 10109730

B. Rs. 10109530

C. Rs. 10110130

D. Rs. 10109930

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI = (3789000 × 89 × 3)/100 = 10109730.

This question belongs to: Maths Simple Interest

Question #2

Principal that gives Rs. 12600 SI in 3 years at 7% is

A. Rs. 59000

B. Rs. 60000

C. Rs. 61000

D. Rs. 58000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
P = (12600 × 100)/(7 × 3) = 60000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 252000 for 4 years at 6% per annum is

A. Rs. 60280

B. Rs. 60480

C. Rs. 60680

D. Rs. 60880

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SI = (252000 × 6 × 4)/100 = 60480.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs