The rate at which Rs. 2358000 amounts to Rs. 3065400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2358000 amounts to Rs. 3065400 in 3 years is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 707400. R = (707400 × 100)/(2358000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

A sum of Rs. 1800000 amounts to Rs. 2520000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 720000. R = (720000 × 100)/(1800000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 1360800 interest in 8 years at 15% SI is

A. Rs. 1133000

B. Rs. 1132000

C. Rs. 1135000

D. Rs. 1134000

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Correct Answer: Option D

Explanation:
P = (1360800 × 100)/(15 × 8) = 1134000.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 2205000 amounts to Rs. 3087000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 882000. R = (882000 × 100)/(2205000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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