Rate for Rs. 189000 to Rs. 245700 in 3 years SI MCQ with Answer and Explanation

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Rate for Rs. 189000 to Rs. 245700 in 3 years SI

A. 9%

B. 10%

C. 12%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 56700. R = (56700 * 100)/(189000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 693000 for 2 years at 25% per annum is

A. Rs. 346700

B. Rs. 346500

C. Rs. 346300

D. Rs. 346900

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Correct Answer: Option B

Explanation:
SI = (693000 × 25 × 2)/100 = 346500.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 3420000 amounts to Rs. 4788000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 1368000. R = (1368000 × 100)/(3420000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 3915000 amounts to Rs. 5481000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1566000. R = (1566000 × 100)/(3915000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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