A sum of Rs. 378000 amounts to Rs. 529200 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 378000 amounts to Rs. 529200 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

Answer: Option A

Solution (By JKExamLibrary)

SI = 151200. R = (151200 × 100)/(378000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

The principal that gives Rs. 529200 interest in 9 years at 11% SI is

A. Rs. 534000

B. Rs. 533000

C. Rs. 536000

D. Rs. 535000

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Correct Answer: Option D

Explanation:
P = (529200 × 100)/(11 × 9) = 535000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 2142000 for 2 years at 55% per annum is

A. Rs. 2356200

B. Rs. 2356000

C. Rs. 2356600

D. Rs. 2356400

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Correct Answer: Option A

Explanation:
SI = (2142000 × 55 × 2)/100 = 2356200.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Time for Rs. 45000 at 8% to amount Rs. 63000

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 18000. T = (18000 * 100)/(45000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

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