The rate at which Rs. 2088000 amounts to Rs. 2714400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2088000 amounts to Rs. 2714400 in 3 years is

A. 8%

B. 12%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 626400. R = (626400 × 100)/(2088000 × 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. 21202 interest in 7 years at 8% SI is

A. Rs. 36862

B. Rs. 37862

C. Rs. 38662

D. Rs. 37362

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Correct Answer: Option B

Explanation:
P = (21202 * 100)/(8 * 7) = 37862.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 585000 amounts to Rs. 819000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 234000. R = (234000 × 100)/(585000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 459000 amount to Rs. 642600 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 183600. T = (183600 × 100)/(459000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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