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. 9%

B. 10%

C. 12%

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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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 873000 for 2 years at 30% per annum is

A. Rs. 524200

B. Rs. 524000

C. Rs. 523600

D. Rs. 523800

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Correct Answer: Option D

Explanation:
SI = (873000 × 30 × 2)/100 = 523800.

This question belongs to: Maths Simple Interest

Question #2

Rate for Rs. 35000 to become Rs. 45500 in 4 years SI

A. 8%

B. 7.5%

C. 6%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 10500. R = (10500 * 100)/(35000 * 4) = 7.5%.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 252000 at 9% to amount Rs. 352800

A. 5 years

B. 4 years

C. 6 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 100800. T = (100800 * 100)/(252000 * 9) = 5 years.

This question belongs to: Maths Simple Interest

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