The rate at which Rs. 2583000 amounts to Rs. 3357900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2583000 amounts to Rs. 3357900 in 3 years is

A. 9%

B. 10%

C. 12%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 774900. R = (774900 × 100)/(2583000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 1746000 amount to Rs. 2444400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 698400. T = (698400 × 100)/(1746000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

At what rate percent will Rs. 20100 give Rs. 5427 interest in 3 years?

A. 10%

B. 11%

C. 9%

D. 8%

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Correct Answer: Option C

Explanation:
R = (5427 × 100)/(20100 × 3) = 9%.

This question belongs to: Maths Simple Interest

Question #3

Principal for Rs. 100800 interest in 8 years at 9%

A. Rs. 139000

B. Rs. 140000

C. Rs. 138000

D. Rs. 141000

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Correct Answer: Option B

Explanation:
P = (100800 * 100)/(9 * 8) = 140000.

This question belongs to: Maths Simple Interest

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