Rate for Rs. 161000 to Rs. 209300 in 3 years SI MCQ with Answer and Explanation

Rate for Rs. 161000 to Rs. 209300 in 3 years SI
A. 8%
B. 9%
C. 12%
D. 10%
Answer: Option D
Solution (By JKSSB Mock Tests)
SI = 48300. R = (48300 * 100)/(161000 * 3) = 10%.

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Practice More Simple Interest Questions

Question #1
Simple interest on Rs. 3114000 for 3 years at 74% per annum is
A. Rs. 6911920
B. Rs. 6912120
C. Rs. 6912320
D. Rs. 6912520

Correct Answer: Option B


Explanation:
SI = (3114000 × 74 × 3)/100 = 6912120.

This question belongs to: Maths Simple Interest
Question #2
In how many years will Rs. 1971000 amount to Rs. 2759400 at 8% simple interest?
A. 6 years
B. 5 years
C. 4 years
D. 7 years

Correct Answer: Option B


Explanation:
SI = 788400. T = (788400 × 100)/(1971000 × 8) = 5 years.

This question belongs to: Maths Simple Interest
Question #3
The rate at which Rs. 1908000 amounts to Rs. 2480400 in 3 years is
A. 9%
B. 10%
C. 12%
D. 8%

Correct Answer: Option B


Explanation:
SI = 572400. R = (572400 × 100)/(1908000 × 3) = 10%.

This question belongs to: Maths Simple Interest