The rate at which Rs. 2808000 amounts to Rs. 3650400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2808000 amounts to Rs. 3650400 in 3 years is

A. 10%

B. 8%

C. 9%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 842400. R = (842400 × 100)/(2808000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 873000 for 2 years at 30% per annum is

A. Rs. 523800

B. Rs. 524000

C. Rs. 524200

D. Rs. 523600

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Correct Answer: Option A

Explanation:
SI = (873000 × 30 × 2)/100 = 523800.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 396000 amount to Rs. 554400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 158400. T = (158400 × 100)/(396000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 261000 for 2 years at 13% per annum is

A. Rs. 68060

B. Rs. 67660

C. Rs. 67860

D. Rs. 68260

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Correct Answer: Option C

Explanation:
SI = (261000 × 13 × 2)/100 = 67860.

This question belongs to: Maths Simple Interest

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