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. 8%

B. 12%

C. 10%

D. 9%

Answer: Option C

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

Simple interest on Rs. 1917000 for 2 years at 50% per annum is

A. Rs. 1917200

B. Rs. 1917000

C. Rs. 1916800

D. Rs. 1917400

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Correct Answer: Option B

Explanation:
SI = (1917000 × 50 × 2)/100 = 1917000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 18450 interest in 6 years at 5% SI is

A. Rs. 60500

B. Rs. 59500

C. Rs. 62500

D. Rs. 61500

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Correct Answer: Option D

Explanation:
P = (18450 * 100)/(5 * 6) = 61500.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 810000 amounts to Rs. 1134000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 324000. R = (324000 × 100)/(810000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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