A sum of Rs. 810000 amounts to Rs. 1134000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question Report Error

A sum of Rs. 810000 amounts to Rs. 1134000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 12%

D. 9%

Answer: Option A

Solution (By JKExamLibrary)

SI = 324000. R = (324000 × 100)/(810000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Discuss this Question (0)

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

Practice More Simple Interest Questions

Question #1 Report Error

The principal that gives Rs. 252000 interest in 6 years at 7% SI is

A. Rs. 600000

B. Rs. 601000

C. Rs. 599000

D. Rs. 598000

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
P = (252000 × 100)/(7 × 6) = 600000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 32000 amount to Rs. 44800 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
SI = 12800. T = (12800 × 100)/(32000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Time for Rs. 196000 at 7% to amount Rs. 274400

A. 5 years

B. 4 years

C. 6 years

D. 7 years

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
SI = 78400. T = (78400 * 100)/(196000 * 7) = 6 years.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs