At what rate will Rs. 28000 amount to Rs. 36400 in 5 years? MCQ with Answer and Explanation

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At what rate will Rs. 28000 amount to Rs. 36400 in 5 years?

A. 6%

B. 8%

C. 7%

D. 5%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 8400. R = (8400 × 100)/(28000 × 5) = 6%.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 7776000 interest in 8 years at 30% SI is

A. Rs. 3240000

B. Rs. 3241000

C. Rs. 3238000

D. Rs. 3239000

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Correct Answer: Option A

Explanation:
P = (7776000 × 100)/(30 × 8) = 3240000.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2853000 amounts to Rs. 3708900 in 3 years is

A. 10%

B. 9%

C. 12%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 855900. R = (855900 × 100)/(2853000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 324000 amounts to Rs. 421200 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 97200. R = (97200 × 100)/(324000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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