A sum of Rs. 4545000 amounts to Rs. 6363000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 4545000 amounts to Rs. 6363000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

Answer: Option B

Solution (By JKExamLibrary)

SI = 1818000. R = (1818000 × 100)/(4545000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 4041000 amount to Rs. 5657400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 1616400. T = (1616400 × 100)/(4041000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 432000 for 3 years at 15% per annum is

A. Rs. 194200

B. Rs. 194400

C. Rs. 194600

D. Rs. 194800

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Correct Answer: Option B

Explanation:
SI = (432000 × 15 × 3)/100 = 194400.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 3609000 for 3 years at 85% per annum is

A. Rs. 9203350

B. Rs. 9202750

C. Rs. 9203150

D. Rs. 9202950

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Correct Answer: Option D

Explanation:
SI = (3609000 × 85 × 3)/100 = 9202950.

This question belongs to: Maths Simple Interest

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