A sum of Rs. 3375000 amounts to Rs. 4725000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3375000 amounts to Rs. 4725000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 9%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 1350000. R = (1350000 × 100)/(3375000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 612000 for 2 years at 21% per annum is

A. Rs. 257040

B. Rs. 257440

C. Rs. 256840

D. Rs. 257240

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Correct Answer: Option A

Explanation:
SI = (612000 × 21 × 2)/100 = 257040.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 2439000 for 3 years at 59% per annum is

A. Rs. 4314730

B. Rs. 4314530

C. Rs. 4314130

D. Rs. 4314330

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Correct Answer: Option D

Explanation:
SI = (2439000 × 59 × 3)/100 = 4314330.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 2232000 for 2 years at 57% per annum is

A. Rs. 2544480

B. Rs. 2544680

C. Rs. 2544280

D. Rs. 2544880

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Correct Answer: Option A

Explanation:
SI = (2232000 × 57 × 2)/100 = 2544480.

This question belongs to: Maths Simple Interest

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