The rate at which Rs. 216000 amounts to Rs. 280800 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 216000 amounts to Rs. 280800 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 64800. R = (64800 × 100)/(216000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

A sum amounts to Rs. 141120 in 6 years at 8% SI. Principal

A. Rs. 97000

B. Rs. 99000

C. Rs. 96000

D. Rs. 98000

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Correct Answer: Option D

Explanation:
SI = 43120. P = 141120 - 43120 = 98000.

This question belongs to: Maths Simple Interest

Question #2

Time for Rs. 18000 to amount Rs. 25200 at 8% SI

A. 7 years

B. 6 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 7200. T = (7200 * 100)/(18000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 2889000 for 3 years at 69% per annum is

A. Rs. 5982430

B. Rs. 5982230

C. Rs. 5981830

D. Rs. 5982030

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Correct Answer: Option D

Explanation:
SI = (2889000 × 69 × 3)/100 = 5982030.

This question belongs to: Maths Simple Interest

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