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. 8%

B. 9%

C. 12%

D. 10%

Answer: Option D

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

Simple interest on Rs. 3807000 for 2 years at 92% per annum is

A. Rs. 7004680

B. Rs. 7005280

C. Rs. 7005080

D. Rs. 7004880

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Correct Answer: Option D

Explanation:
SI = (3807000 × 92 × 2)/100 = 7004880.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 2822400 interest in 9 years at 16% SI is

A. Rs. 1961000

B. Rs. 1958000

C. Rs. 1960000

D. Rs. 1959000

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Correct Answer: Option C

Explanation:
P = (2822400 × 100)/(16 × 9) = 1960000.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 486000 amounts to Rs. 631800 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 145800. R = (145800 × 100)/(486000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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