The rate at which Rs. 243000 amounts to Rs. 315900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 243000 amounts to Rs. 315900 in 3 years is

A. 9%

B. 10%

C. 12%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 72900. R = (72900 × 100)/(243000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1287000 for 2 years at 36% per annum is

A. Rs. 926840

B. Rs. 926640

C. Rs. 926440

D. Rs. 927040

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Correct Answer: Option B

Explanation:
SI = (1287000 × 36 × 2)/100 = 926640.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 522000 amounts to Rs. 678600 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 156600. R = (156600 × 100)/(522000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 3942000 for 2 years at 95% per annum is

A. Rs. 7490200

B. Rs. 7489800

C. Rs. 7489600

D. Rs. 7490000

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Correct Answer: Option B

Explanation:
SI = (3942000 × 95 × 2)/100 = 7489800.

This question belongs to: Maths Simple Interest

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