The rate at which Rs. 1458000 amounts to Rs. 1895400 in 3 years is MCQ with Answer and Explanation

The rate at which Rs. 1458000 amounts to Rs. 1895400 in 3 years is
A. 12%
B. 9%
C. 8%
D. 10%
Answer: Option D
Solution (By JKSSB Mock Tests)
SI = 437400. R = (437400 × 100)/(1458000 × 3) = 10%.

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Practice More Simple Interest Questions

Question #1
In how many years will Rs. 171000 amount to Rs. 239400 at 8% simple interest?
A. 4 years
B. 6 years
C. 7 years
D. 5 years

Correct Answer: Option D


Explanation:
SI = 68400. T = (68400 × 100)/(171000 × 8) = 5 years.

This question belongs to: Maths Simple Interest
Question #2
Simple interest on Rs. 24500 for 3 years at 9% is
A. Rs. 6415
B. Rs. 6615
C. Rs. 7015
D. Rs. 6815

Correct Answer: Option B


Explanation:
SI = (24500 * 9 * 3)/100 = 6615.

This question belongs to: Maths Simple Interest
Question #3
Principal for Rs. 739200 interest in 7 years at 13%
A. Rs. 813000
B. Rs. 812000
C. Rs. 810000
D. Rs. 811000

Correct Answer: Option B


Explanation:
P = (739200 * 100)/(13 * 7) = 812000 approx adjusted.

This question belongs to: Maths Simple Interest