A sum of Rs. 50300 amounts to Rs. 77965 in 5 years at simple interest. The rate is MCQ with Answer and Explanation

A sum of Rs. 50300 amounts to Rs. 77965 in 5 years at simple interest. The rate is

A. 11%

B. 10%

C. 13%

D. 12%

Answer: Option A

SI = 27665. R = (27665 × 100)/(50300 × 5) = 11%.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

A sum of Rs. 3690000 amounts to Rs. 5166000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

Correct Answer: Option A

Explanation:
SI = 1476000. R = (1476000 × 100)/(3690000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The principal that gives Rs. 88200 interest in 6 years at 7% SI is

A. Rs. 211000

B. Rs. 209000

C. Rs. 210000

D. Rs. 208000

Correct Answer: Option C

Explanation:
P = (88200 × 100)/(7 × 6) = 210000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 3681000 amount to Rs. 5153400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

Correct Answer: Option B

Explanation:
SI = 1472400. T = (1472400 × 100)/(3681000 × 8) = 5 years.

This question belongs to: Maths Simple Interest