Rate when Rs. 203000 amounts to Rs. 263900 in 3 years MCQ with Answer and Explanation

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Rate when Rs. 203000 amounts to Rs. 263900 in 3 years

A. 12%

B. 9%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 60900. R = (60900 * 100)/(203000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 2754000 for 3 years at 66% per annum is

A. Rs. 5453320

B. Rs. 5452920

C. Rs. 5453120

D. Rs. 5452720

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Correct Answer: Option B

Explanation:
SI = (2754000 × 66 × 3)/100 = 5452920.

This question belongs to: Maths Simple Interest

Question #2

SI on Rs. 143500 for 2 years at 14%

A. Rs. 40580

B. Rs. 39980

C. Rs. 40380

D. Rs. 40180

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Correct Answer: Option D

Explanation:
SI = (143500 * 14 * 2)/100 = 40180.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 486000 amount to Rs. 680400 at 8% simple interest?

A. 5 years

B. 6 years

C. 4 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 194400. T = (194400 × 100)/(486000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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