A sum of Rs. 4410000 amounts to Rs. 6174000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4410000 amounts to Rs. 6174000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

Answer: Option A

Solution (By JKExamLibrary)

SI = 1764000. R = (1764000 × 100)/(4410000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 405000 for 2 years at 17% per annum is

A. Rs. 137700

B. Rs. 137900

C. Rs. 138100

D. Rs. 137500

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Correct Answer: Option A

Explanation:
SI = (405000 × 17 × 2)/100 = 137700.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 684000 for 3 years at 20% per annum is

A. Rs. 410800

B. Rs. 410600

C. Rs. 410200

D. Rs. 410400

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Correct Answer: Option D

Explanation:
SI = (684000 × 20 × 3)/100 = 410400.

This question belongs to: Maths Simple Interest

Question #3

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

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

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

This question belongs to: Maths Simple Interest

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