Rate when Rs. 126000 amounts to Rs. 163800 in 3 years MCQ with Answer and Explanation

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Rate when Rs. 126000 amounts to Rs. 163800 in 3 years

A. 9%

B. 12%

C. 10%

D. 8%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 37800. R = (37800 * 100)/(126000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 657000 for 2 years at 24% per annum is

A. Rs. 315560

B. Rs. 315360

C. Rs. 315160

D. Rs. 315760

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Correct Answer: Option B

Explanation:
SI = (657000 × 24 × 2)/100 = 315360.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 3465000 amounts to Rs. 4851000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1386000. R = (1386000 × 100)/(3465000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 126000 amounts to Rs. 163800 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 37800. R = (37800 × 100)/(126000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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