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. 8%

B. 9%

C. 10%

D. 12%

Answer: Option C

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

Simple interest on Rs. 55000 for 3 years at 8% per annum is

A. Rs. 13000

B. Rs. 13600

C. Rs. 13200

D. Rs. 13400

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Correct Answer: Option C

Explanation:
SI = (55000 × 8 × 3)/100 = 13200.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 378000 interest in 8 years at 9% SI is

A. Rs. 524000

B. Rs. 525000

C. Rs. 526000

D. Rs. 523000

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Correct Answer: Option B

Explanation:
P = (378000 × 100)/(9 × 8) = 525000.

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Question #3

The rate at which Rs. 2673000 amounts to Rs. 3474900 in 3 years is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 802000 approx adjusted 10%.

This question belongs to: Maths Simple Interest

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