The rate at which Rs. 2313000 amounts to Rs. 3006900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2313000 amounts to Rs. 3006900 in 3 years is

A. 10%

B. 8%

C. 12%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 693900. R = (693900 × 100)/(2313000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

A sum of Rs. 3600000 amounts to Rs. 5040000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 1440000. R = (1440000 × 100)/(3600000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 1323000 amounts to Rs. 1720000 approx in 3 years is adjusted to exact 10%

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 396900. R = (396900 × 100)/(1323000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1089000 for 3 years at 29% per annum is

A. Rs. 947830

B. Rs. 947430

C. Rs. 947230

D. Rs. 947630

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Correct Answer: Option B

Explanation:
SI = (1089000 × 29 × 3)/100 = 947430.

This question belongs to: Maths Simple Interest

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