A sum of Rs. 4320000 amounts to Rs. 6048000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

A sum of Rs. 4320000 amounts to Rs. 6048000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

Answer: Option B

SI = 1728000. R = (1728000 × 100)/(4320000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

A sum of Rs. 30000 amounts to Rs. 42000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

Correct Answer: Option A

Explanation:
SI = 12000. R = (12000 × 100)/(30000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum of Rs. 135000 amounts to Rs. 189000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 9%

D. 12%

Correct Answer: Option B

Explanation:
SI = 54000. R = (54000 × 100)/(135000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 3627000 for 2 years at 88% per annum is

A. Rs. 6386320

B. Rs. 6385720

C. Rs. 6386120

D. Rs. 6385920

Correct Answer: Option D

Explanation:
SI = (3627000 × 88 × 2)/100 = 6385920.

This question belongs to: Maths Simple Interest