The rate at which Rs. 1638000 amounts to Rs. 2129400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 1638000 amounts to Rs. 2129400 in 3 years is

A. 8%

B. 12%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 491400. R = (491400 × 100)/(1638000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 50400 interest in 8 years at 9% SI is

A. Rs. 70000

B. Rs. 68000

C. Rs. 69000

D. Rs. 71000

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Correct Answer: Option A

Explanation:
P = (50400 × 100)/(9 × 8) = 70000.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 9000 amounts to Rs. 10800 in 4 years at simple interest. Rate of interest is

A. 5%

B. 4%

C. 8%

D. 6%

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Correct Answer: Option A

Explanation:
SI = 1800. R = (1800 × 100)/(9000 × 4) = 5%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 657000 for 2 years at 24% per annum is

A. Rs. 315160

B. Rs. 315360

C. Rs. 315760

D. Rs. 315560

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Correct Answer: Option B

Explanation:
SI = (657000 × 24 × 2)/100 = 315360.

This question belongs to: Maths Simple Interest

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