The rate at which Rs. 2223000 amounts to Rs. 2890000 approx in 3 years is adjusted to exact 10% MCQ with Answer and Explanation

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The rate at which Rs. 2223000 amounts to Rs. 2890000 approx in 3 years is adjusted to exact 10%

A. 12%

B. 8%

C. 9%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 667000 approx, R = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of money doubles itself in 10 years at simple interest. The rate of interest is

A. 15%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = Principal. R = (100 × 100)/(P × 10) × P = 10%.

This question belongs to: Maths Simple Interest

Question #2

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Time in years for Rs. 24000 at 7% to amount Rs. 31080

A. 3 years

B. 6 years

C. 5 years

D. 4 years

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Correct Answer: Option D

Explanation:
SI = 7080. T = (7080 * 100)/(24000 * 7) = 4 years.

This question belongs to: Maths Simple Interest

Question #3

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In how many years will Rs. 3456000 amount to Rs. 4838400 at 8% simple interest?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 1382400. T = (1382400 × 100)/(3456000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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