The rate at which Rs. 234000 amounts to Rs. 304200 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 234000 amounts to Rs. 304200 in 3 years is

A. 10%

B. 9%

C. 12%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 70200. R = (70200 × 100)/(234000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 162000 for 2 years at 10% per annum is

A. Rs. 32200

B. Rs. 32800

C. Rs. 32400

D. Rs. 32600

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Correct Answer: Option C

Explanation:
SI = (162000 × 10 × 2)/100 = 32400.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 3033000 amounts to Rs. 3942900 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 909900. R = (909900 × 100)/(3033000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 387000 for 2 years at 16% per annum is

A. Rs. 124040

B. Rs. 124240

C. Rs. 123840

D. Rs. 123640

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Correct Answer: Option C

Explanation:
SI = (387000 × 16 × 2)/100 = 123840.

This question belongs to: Maths Simple Interest

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