The rate of interest at which Rs. 6000 gives Rs. 1200 interest in 4 years is MCQ with Answer and Explanation

Question Report Error

The rate of interest at which Rs. 6000 gives Rs. 1200 interest in 4 years is

A. 6%

B. 4%

C. 8%

D. 5%

Answer: Option D

Solution (By JKExamLibrary)

R = (1200 × 100)/(6000 × 4) = 5%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest Rs. 19600 for 3 years at 8%

A. Rs. 5104

B. Rs. 4504

C. Rs. 4904

D. Rs. 4704

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Correct Answer: Option D

Explanation:
SI = (19600 * 8 * 3)/100 = 4704.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The principal that gives Rs. 932400 interest in 8 years at 13% SI is

A. Rs. 899000

B. Rs. 898000

C. Rs. 900000

D. Rs. 901000

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Correct Answer: Option C

Explanation:
P = (932400 × 100)/(13 × 8) = 900000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 837000 for 2 years at 26% per annum is

A. Rs. 435240

B. Rs. 435440

C. Rs. 435640

D. Rs. 435040

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
SI = (837000 × 26 × 2)/100 = 435240.

This question belongs to: Maths Simple Interest

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