A sum of Rs. 3825000 amounts to Rs. 5355000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3825000 amounts to Rs. 5355000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 10%

D. 12%

Answer: Option C

Solution (By JKExamLibrary)

SI = 1530000. R = (1530000 × 100)/(3825000 × 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. 747000 for 2 years at 24% per annum is

A. Rs. 358560

B. Rs. 358960

C. Rs. 358760

D. Rs. 358360

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
SI = (747000 × 24 × 2)/100 = 358560.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 459000 for 3 years at 15% per annum is

A. Rs. 206350

B. Rs. 206550

C. Rs. 206950

D. Rs. 206750

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Correct Answer: Option B

Explanation:
SI = (459000 × 15 × 3)/100 = 206550.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Rate when Rs. 259000 amounts to Rs. 336700 in 3 years

A. 8%

B. 9%

C. 12%

D. 10%

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
SI = 77700. R = (77700 * 100)/(259000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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