The rate at which Rs. 2268000 amounts to Rs. 2948400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2268000 amounts to Rs. 2948400 in 3 years is

A. 10%

B. 8%

C. 12%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 680400. R = (680400 × 100)/(2268000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 225000 for 2 years at 12% per annum is

A. Rs. 54400

B. Rs. 53800

C. Rs. 54000

D. Rs. 54200

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Correct Answer: Option C

Explanation:
SI = (225000 × 12 × 2)/100 = 54000.

This question belongs to: Maths Simple Interest

Question #2

The principal giving Rs. 638400 SI in 7 years at 13%

A. Rs. 699000

B. Rs. 698000

C. Rs. 701000

D. Rs. 700000

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Correct Answer: Option D

Explanation:
P = (638400 * 100)/(13 * 7) = 700000.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 117000 amount to Rs. 163800 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 46800. T = (46800 × 100)/(117000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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