A sum of Rs. 4005000 amounts to Rs. 5607000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question Report Error

A sum of Rs. 4005000 amounts to Rs. 5607000 in 4 years at simple interest. The rate is

A. 8%

B. 12%

C. 9%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 1602000. R = (1602000 × 100)/(4005000 × 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

The principal that gives Rs. 5124000 interest in 8 years at 24% SI is

A. Rs. 2668750

B. Rs. 2669750

C. Rs. 2667750

D. Rs. 2666750

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
P = (5124000 × 100)/(24 × 8) = 2668750.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 495000 amount to Rs. 693000 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
SI = 198000. T = (198000 × 100)/(495000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum of Rs. 3960000 amounts to Rs. 5544000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 8%

D. 9%

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SI = 1584000. R = (1584000 × 100)/(3960000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs