A sum of Rs. 3240000 amounts to Rs. 4536000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3240000 amounts to Rs. 4536000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

Answer: Option A

Solution (By JKExamLibrary)

SI = 1296000. R = (1296000 × 100)/(3240000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Rate for Rs. 469000 to Rs. 609700 in 3 years SI

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 140700. R = (140700 * 100)/(469000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The principal that gives Rs. 6199200 interest in 8 years at 27% SI is

A. Rs. 2859000

B. Rs. 2860000

C. Rs. 2861000

D. Rs. 2858000

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Correct Answer: Option B

Explanation:
P = (6199200 × 100)/(27 × 8) = 2860000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

SI on Rs. 59500 for 2 years at 6%

A. Rs. 7540

B. Rs. 7140

C. Rs. 6940

D. Rs. 7340

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Correct Answer: Option B

Explanation:
SI = (59500 * 6 * 2)/100 = 7140.

This question belongs to: Maths Simple Interest

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