A sum of Rs. 3870000 amounts to Rs. 5418000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 3870000 amounts to Rs. 5418000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

Answer: Option A

Solution (By JKExamLibrary)

SI = 1548000. R = (1548000 × 100)/(3870000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Principal giving Rs. 15750 SI in 5 years at 7%

A. Rs. 44000

B. Rs. 43000

C. Rs. 45000

D. Rs. 46000

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Correct Answer: Option C

Explanation:
P = (15750 * 100)/(7 * 5) = 45000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 5918400 interest in 9 years at 22% SI is

A. Rs. 3001000

B. Rs. 2999000

C. Rs. 2998000

D. Rs. 3000000

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Correct Answer: Option D

Explanation:
P = (5918400 × 100)/(22 × 9) = 3000000.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 495000 amounts to Rs. 693000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 198000. R = (198000 × 100)/(495000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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