Rate for Rs. 385000 to Rs. 500500 in 3 years SI MCQ with Answer and Explanation

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Rate for Rs. 385000 to Rs. 500500 in 3 years SI

A. 10%

B. 8%

C. 9%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 115500. R = (115500 * 100)/(385000 * 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. 927000 amount to Rs. 1297800 at 8% simple interest?

A. 7 years

B. 6 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 370800. T = (370800 × 100)/(927000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 4239000 for 3 years at 99% per annum is

A. Rs. 12596530

B. Rs. 12595930

C. Rs. 12596130

D. Rs. 12596330

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Correct Answer: Option C

Explanation:
SI = (4239000 × 99 × 3)/100 = 12596130.

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Question #3

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A sum of Rs. 1890000 amounts to Rs. 2646000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 756000. R = (756000 × 100)/(1890000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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