Rate when Rs. 371000 amounts to Rs. 482300 in 3 years MCQ with Answer and Explanation

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Rate when Rs. 371000 amounts to Rs. 482300 in 3 years

A. 10%

B. 8%

C. 12%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 111300. R = (111300 * 100)/(371000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 2979000 for 3 years at 71% per annum is

A. Rs. 6350770

B. Rs. 6350570

C. Rs. 6350370

D. Rs. 6350170

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Correct Answer: Option C

Explanation:
SI = (2979000 × 71 × 3)/100 = 6350370.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 612000 for 2 years at 21% per annum is

A. Rs. 256840

B. Rs. 257040

C. Rs. 257240

D. Rs. 257440

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Correct Answer: Option B

Explanation:
SI = (612000 × 21 × 2)/100 = 257040.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 56000 for 2 years at 12% per annum is

A. Rs. 13240

B. Rs. 13440

C. Rs. 13640

D. Rs. 13840

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Correct Answer: Option B

Explanation:
SI = (56000 × 12 × 2)/100 = 13440.

This question belongs to: Maths Simple Interest

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