A sum of Rs. 2925000 amounts to Rs. 4095000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 2925000 amounts to Rs. 4095000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

Answer: Option C

Solution (By JKExamLibrary)

SI = 1170000. R = (1170000 × 100)/(2925000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 2871000 amount to Rs. 4019400 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 1148400. T = (1148400 × 100)/(2871000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 4068000 amounts to Rs. 5288400 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 1220400. R = (1220400 × 100)/(4068000 × 3) = 10%.

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Question #3

In how many years will Rs. 2106000 amount to Rs. 2948400 at 8% simple interest?

A. 7 years

B. 4 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 842400. T = (842400 × 100)/(2106000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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