At what rate percent will Rs. 45000 give Rs. 13500 interest in 5 years? MCQ with Answer and Explanation

At what rate percent will Rs. 45000 give Rs. 13500 interest in 5 years?
A. 5%
B. 7%
C. 8%
D. 6%
Answer: Option D
Solution (By JKExamLibrary)
R = (13500 × 100)/(45000 × 5) = 6%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error
The rate at which Rs. 42000 amounts to Rs. 54600 in 3 years is
A. 10%
B. 12%
C. 9%
D. 8%

Correct Answer: Option A


Explanation:
SI = 12600. R = (12600 × 100)/(42000 × 3) = 10%.

This question belongs to: Maths Simple Interest
Question #2 Report Error
A sum of Rs. 3375000 amounts to Rs. 4725000 in 4 years at simple interest. The rate is
A. 8%
B. 9%
C. 12%
D. 10%

Correct Answer: Option D


Explanation:
SI = 1350000. R = (1350000 × 100)/(3375000 × 4) = 10%.

This question belongs to: Maths Simple Interest
Question #3 Report Error
Rate when Rs. 259000 amounts to Rs. 336700 in 3 years
A. 12%
B. 9%
C. 10%
D. 8%

Correct Answer: Option C


Explanation:
SI = 77700. R = (77700 * 100)/(259000 * 3) = 10%.

This question belongs to: Maths Simple Interest