Rate when Rs. 231000 amounts to Rs. 300300 in 3 years MCQ with Answer and Explanation

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Rate when Rs. 231000 amounts to Rs. 300300 in 3 years

A. 10%

B. 12%

C. 9%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 69300. R = (69300 * 100)/(231000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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

A. Rs. 181000

B. Rs. 179000

C. Rs. 180000

D. Rs. 178000

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Correct Answer: Option C

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

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 14688000 interest in 8 years at 43% SI is

A. Rs. 4275000

B. Rs. 4274000

C. Rs. 4276000

D. Rs. 4273000

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Correct Answer: Option A

Explanation:
P = (14688000 × 100)/(43 × 8) = 4275000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1359000 for 3 years at 35% per annum is

A. Rs. 1426950

B. Rs. 1427150

C. Rs. 1427350

D. Rs. 1426750

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Correct Answer: Option A

Explanation:
SI = (1359000 × 35 × 3)/100 = 1426950.

This question belongs to: Maths Simple Interest

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