The rate at which Rs. 2178000 amounts to Rs. 2831400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2178000 amounts to Rs. 2831400 in 3 years is

A. 12%

B. 10%

C. 9%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 653400. R = (653400 × 100)/(2178000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 12000 for 2 years at 7% per annum is

A. Rs. 1680

B. Rs. 1800

C. Rs. 1500

D. Rs. 2100

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Correct Answer: Option A

Explanation:
SI = (12000 × 7 × 2)/100 = 1680.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 3789000 for 3 years at 89% per annum is

A. Rs. 10110130

B. Rs. 10109930

C. Rs. 10109730

D. Rs. 10109530

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Correct Answer: Option C

Explanation:
SI = (3789000 × 89 × 3)/100 = 10109730.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 900000 for 3 years at 28% per annum is

A. Rs. 755800

B. Rs. 756400

C. Rs. 756000

D. Rs. 756200

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Correct Answer: Option C

Explanation:
SI = (900000 × 28 × 3)/100 = 756000.

This question belongs to: Maths Simple Interest

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