The rate at which Rs. 2448000 amounts to Rs. 3182400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2448000 amounts to Rs. 3182400 in 3 years is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 734400. R = (734400 × 100)/(2448000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 55000 for 3 years at 8% per annum is

A. Rs. 13600

B. Rs. 13200

C. Rs. 13000

D. Rs. 13400

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Correct Answer: Option B

Explanation:
SI = (55000 × 8 × 3)/100 = 13200.

This question belongs to: Maths Simple Interest

Question #2

SI on Rs. 101500 for 5 years at 5%

A. Rs. 25375

B. Rs. 25575

C. Rs. 25775

D. Rs. 25175

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Correct Answer: Option A

Explanation:
SI = (101500 * 5 * 5)/100 = 25375.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 585000 for 2 years at 22% per annum is

A. Rs. 257600

B. Rs. 257800

C. Rs. 257400

D. Rs. 257200

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Correct Answer: Option C

Explanation:
SI = (585000 × 22 × 2)/100 = 257400.

This question belongs to: Maths Simple Interest

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