The rate at which Rs. 198000 amounts to Rs. 257400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 198000 amounts to Rs. 257400 in 3 years is

A. 12%

B. 10%

C. 9%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 59400. R = (59400 × 100)/(198000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

SI on Rs. 129500 for 4 years at 5%

A. Rs. 25900

B. Rs. 25700

C. Rs. 26300

D. Rs. 26100

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Correct Answer: Option A

Explanation:
SI = (129500 * 5 * 4)/100 = 25900.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 3006000 amount to Rs. 4208400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 1202400. T = (1202400 × 100)/(3006000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2745000 amounts to Rs. 3843000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1098000. R = (1098000 × 100)/(2745000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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