Rate when Rs. 399000 amounts to Rs. 518700 in 3 years MCQ with Answer and Explanation

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Rate when Rs. 399000 amounts to Rs. 518700 in 3 years

A. 12%

B. 10%

C. 8%

D. 9%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 119700. R = (119700 * 100)/(399000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 2205000 amounts to Rs. 3087000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 882000. R = (882000 × 100)/(2205000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 3348000 amounts to Rs. 4352400 in 3 years is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 1004400. R = (1004400 × 100)/(3348000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 459000 for 3 years at 15% per annum is

A. Rs. 206550

B. Rs. 206750

C. Rs. 206950

D. Rs. 206350

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Correct Answer: Option A

Explanation:
SI = (459000 × 15 × 3)/100 = 206550.

This question belongs to: Maths Simple Interest

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