A sum of Rs. 405000 amounts to Rs. 567000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

A sum of Rs. 405000 amounts to Rs. 567000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

Answer: Option B

SI = 162000. R = (162000 × 100)/(405000 × 4) = 10%.

This question belongs to: Maths Simple Interest

No comments yet. Be the first to start the discussion!

Question #1 Report Error

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

A. 12%

B. 9%

C. 8%

D. 10%

Correct Answer: Option D

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

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 2529000 for 3 years at 61% per annum is

A. Rs. 4629470

B. Rs. 4629270

C. Rs. 4629670

D. Rs. 4629070

Correct Answer: Option B

Explanation:
SI = (2529000 × 61 × 3)/100 = 4629270.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 4257000 for 2 years at 100% per annum is

A. Rs. 8513800

B. Rs. 8514200

C. Rs. 8514400

D. Rs. 8514000

Correct Answer: Option D

Explanation:
SI = (4257000 × 100 × 2)/100 = 8514000.

This question belongs to: Maths Simple Interest