Rate for Rs. 413000 to Rs. 536900 in 3 years SI MCQ with Answer and Explanation

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Rate for Rs. 413000 to Rs. 536900 in 3 years SI

A. 9%

B. 12%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 123900. R = (123900 * 100)/(413000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 819000 for 3 years at 23% per annum is

A. Rs. 564810

B. Rs. 565010

C. Rs. 564610

D. Rs. 565210

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Correct Answer: Option A

Explanation:
SI = (819000 × 23 × 3)/100 = 564810.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 315000 amounts to Rs. 441000 in 4 years at simple interest. The rate is

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 126000. R = (126000 × 100)/(315000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 2736000 amount to Rs. 3830400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 1094400. T = (1094400 × 100)/(2736000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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