A sum of Rs. 3420000 amounts to Rs. 4788000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question Report Error

A sum of Rs. 3420000 amounts to Rs. 4788000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

Answer: Option C

Solution (By JKExamLibrary)

SI = 1368000. R = (1368000 × 100)/(3420000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Discuss this Question (0)

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

Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 927000 for 2 years at 28% per annum is

A. Rs. 518920

B. Rs. 519120

C. Rs. 519520

D. Rs. 519320

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SI = (927000 × 28 × 2)/100 = 519120.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 1602000 for 2 years at 43% per annum is

A. Rs. 1378120

B. Rs. 1377520

C. Rs. 1377720

D. Rs. 1377920

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
SI = (1602000 × 43 × 2)/100 = 1377720.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 1737000 for 2 years at 46% per annum is

A. Rs. 1598440

B. Rs. 1598240

C. Rs. 1597840

D. Rs. 1598040

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
SI = (1737000 × 46 × 2)/100 = 1598040.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs