A sum of Rs. 4365000 amounts to Rs. 6111000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4365000 amounts to Rs. 6111000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

Answer: Option C

Solution (By JKExamLibrary)

SI = 1746000. R = (1746000 × 100)/(4365000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 2232000 for 2 years at 57% per annum is

A. Rs. 2544480

B. Rs. 2544280

C. Rs. 2544880

D. Rs. 2544680

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
SI = (2232000 × 57 × 2)/100 = 2544480.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 112000 for 2 years at 7% per annum is

A. Rs. 15480

B. Rs. 16080

C. Rs. 15880

D. Rs. 15680

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
SI = (112000 × 7 × 2)/100 = 15680.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The rate at which Rs. 4023000 amounts to Rs. 5229900 in 3 years is

A. 12%

B. 10%

C. 9%

D. 8%

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SI = 1206900. R = (1206900 × 100)/(4023000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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