The rate at which Rs. 2403000 amounts to Rs. 3123900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2403000 amounts to Rs. 3123900 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 720900. R = (720900 × 100)/(2403000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

SI on Rs. 129500 for 4 years at 5%

A. Rs. 26100

B. Rs. 25900

C. Rs. 26300

D. Rs. 25700

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Correct Answer: Option B

Explanation:
SI = (129500 * 5 * 4)/100 = 25900.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 7516800 interest in 9 years at 24% SI is

A. Rs. 3479000

B. Rs. 3478000

C. Rs. 3481000

D. Rs. 3480000

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Correct Answer: Option D

Explanation:
P = (7516800 × 100)/(24 × 9) = 3480000.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 3321000 amount to Rs. 4649400 at 8% simple interest?

A. 6 years

B. 4 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 1328400. T = (1328400 × 100)/(3321000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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