A sum of Rs. 3105000 amounts to Rs. 4347000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3105000 amounts to Rs. 4347000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 9%

D. 12%

Answer: Option A

Solution (By JKExamLibrary)

SI = 1242000. R = (1242000 × 100)/(3105000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

SI on Rs. 87500 for 3 years at 10%

A. Rs. 26050

B. Rs. 26250

C. Rs. 26450

D. Rs. 26650

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Correct Answer: Option B

Explanation:
SI = (87500 * 10 * 3)/100 = 26250.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 40500 amount to Rs. 69660 at 12% simple interest?

A. 7 years

B. 6 years

C. 8 years

D. 5 years

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Correct Answer: Option B

Explanation:
SI = 29160. T = (29160 × 100)/(40500 × 12) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 420000 at 11% to amount Rs. 588000

A. 4 years

B. 6 years

C. 3 years

D. 5 years

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Correct Answer: Option A

Explanation:
SI = 168000. T = (168000 * 100)/(420000 * 11) = 4 years.

This question belongs to: Maths Simple Interest

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