A sum of Rs. 4275000 amounts to Rs. 5985000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4275000 amounts to Rs. 5985000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

Answer: Option B

Solution (By JKExamLibrary)

SI = 1710000. R = (1710000 × 100)/(4275000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 277200 interest in 7 years at 9% SI is

A. Rs. 438000

B. Rs. 441000

C. Rs. 440000

D. Rs. 439000

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Correct Answer: Option C

Explanation:
P = (277200 × 100)/(9 × 7) = 440000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 4419000 for 3 years at 103% per annum is

A. Rs. 13666810

B. Rs. 13666410

C. Rs. 13666210

D. Rs. 13666610

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Correct Answer: Option B

Explanation:
SI = (4419000 × 103 × 3)/100 = 13666410.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1764000 for 3 years at 44% per annum is

A. Rs. 2328680

B. Rs. 2328280

C. Rs. 2328880

D. Rs. 2328480

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Correct Answer: Option D

Explanation:
SI = (1764000 × 44 × 3)/100 = 2328480.

This question belongs to: Maths Simple Interest

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