A sum of Rs. 495000 amounts to Rs. 693000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question

Share Report Error

A sum of Rs. 495000 amounts to Rs. 693000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 12%

D. 9%

Answer: Option B

Solution (By JKExamLibrary)

SI = 198000. R = (198000 × 100)/(495000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1

A sum at 12% SI for 4 years amounts to Rs. 224000. Principal

A. Rs. 140000

B. Rs. 138000

C. Rs. 139000

D. Rs. 141000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SI = 84000. P = 224000 - 84000 = 140000.

This question belongs to: Maths Simple Interest

Question #2

The simple interest on a sum for 4 years at 9% is Rs. 10800. The principal is

A. Rs. 30000

B. Rs. 28000

C. Rs. 31000

D. Rs. 29000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
P = (10800 × 100)/(9 × 4) = 30000.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 24000 amount to Rs. 33600 at 10% simple interest?

A. 3 years

B. 5 years

C. 4 years

D. 6 years

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SI = 9600. T = (9600 × 100)/(24000 × 10) = 4 years.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs