Multiple Choice Questions on Find the rate of simple interest per annum at which a sum of Rs1 200 will amount Rs1 800 in 4 years ........ for SSC (MTS) Preparation

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Multiple Choice Questions

Find the rate of simple interest per annum at which a sum of Rs1 200 will amount Rs1 800 in 4 years ........

Quantitative Aptitude (MTS) Simple Interest
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    Find the rate of simple interest per annum at which a sum of Rs1,200 will amount Rs1,800 in 4 years.

    This questions was previously asked in
    SSC MTS 6th July 2022 Shift-3
    View All SSCMTS Previous Year Papers

    12.5%

    Correct Answer

    14%

    Incorrect Answer

    15%

    Incorrect Answer

    10%

    Incorrect Answer
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    Explanation:

    To find the simple interest rate per annum:

    - Principal (P): Rs 1,200

    - Amount (A): Rs 1,800

    - Time (T): 4 years

    1. Calculate Simple Interest (SI):

    - SI = A - P = Rs 1,800 - Rs 1,200 = Rs 600

    2. Use Simple Interest Formula:

    - Formula: SI = (P × R × T) / 100

    - Plug in values: 600 = (1,200 × R × 4) / 100

    - Simplify:

    - 600 = 4,800R / 100

    - 60,000 = 4,800R

    - R = 60,000 / 4,800

    - R = 12.5%

    - Option 1: 12.5%

    - Option 2: 14%

    - Option 3: 15%

    - Option 4: 10%

    By: santosh
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