A sum of Rs. 3600000 amounts to Rs. 5040000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3600000 amounts to Rs. 5040000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

Answer: Option C

Solution (By JKExamLibrary)

SI = 1440000. R = (1440000 × 100)/(3600000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Years for Rs. 84000 at 7% to give Rs. 35280 interest

A. 7 years

B. 6 years

C. 4 years

D. 5 years

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Correct Answer: Option B

Explanation:
T = (35280 * 100)/(84000 * 7) = 6 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum of Rs. 24985 amounts to Rs. 49970 in 10 years at simple interest. Rate is

A. 9%

B. 10%

C. 13%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 24985. R = (24985 * 100)/(24985 * 10) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The principal that gives Rs. 7776000 interest in 8 years at 30% SI is

A. Rs. 3238000

B. Rs. 3240000

C. Rs. 3241000

D. Rs. 3239000

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Correct Answer: Option B

Explanation:
P = (7776000 × 100)/(30 × 8) = 3240000.

This question belongs to: Maths Simple Interest

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