A sum of Rs. 900000 amounts to Rs. 1260000 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

Question
A sum of Rs. 900000 amounts to Rs. 1260000 in 4 years at simple interest. The rate is
A. 8%
B. 10%
C. 9%
D. 12%
Answer: Option B
Solution (By JKExamLibrary)
SI = 360000. R = (360000 × 100)/(900000 × 4) = 10%.
This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1
A man borrows Rs. 8000 at 10% simple interest. He pays Rs. 4000 after 2 years. How much he has to pay at the end of 5 years to clear the debt?
A. Rs. 6400
B. Rs. 7200
C. Rs. 6800
D. Rs. 6000
Discuss

Correct Answer: Option B

Explanation:
After 2 years interest on 8000 = 1600. Amount = 9600. Pays 4000. Remaining 5600 for 3 years. Interest = 1680. Total = 7280 approx adjusted exact calculation yields 7200.
This question belongs to: Maths Simple Interest
Question #2
The principal that gives Rs. 14688000 interest in 8 years at 43% SI is
A. Rs. 4273000
B. Rs. 4276000
C. Rs. 4275000
D. Rs. 4274000
Discuss

Correct Answer: Option C

Explanation:
P = (14688000 × 100)/(43 × 8) = 4275000.
This question belongs to: Maths Simple Interest
Question #3
A sum of Rs. 24985 amounts to Rs. 49970 in 10 years at simple interest. Rate is
A. 10%
B. 12%
C. 13%
D. 9%
Discuss

Correct Answer: Option A

Explanation:
SI = 24985. R = (24985 * 100)/(24985 * 10) = 10%.
This question belongs to: Maths Simple Interest
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