Rate for Rs. 217000 to Rs. 282100 in 3 years SI MCQ with Answer and Explanation

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Rate for Rs. 217000 to Rs. 282100 in 3 years SI

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 65100. R = (65100 * 100)/(217000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 1971000 amount to Rs. 2759400 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

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Correct Answer: Option A

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

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 113400 interest in 9 years at 7% SI is

A. Rs. 179000

B. Rs. 181000

C. Rs. 178000

D. Rs. 180000

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Correct Answer: Option D

Explanation:
P = (113400 × 100)/(7 × 9) = 180000.

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Question #3

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Simple interest on Rs. 4194000 for 3 years at 98% per annum is

A. Rs. 12328960

B. Rs. 12328360

C. Rs. 12328760

D. Rs. 12328560

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Correct Answer: Option D

Explanation:
SI = (4194000 × 98 × 3)/100 = 12328560.

This question belongs to: Maths Simple Interest

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