The rate at which Rs. 2943000 amounts to Rs. 3825900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2943000 amounts to Rs. 3825900 in 3 years is

A. 12%

B. 8%

C. 9%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 882900. R = (882900 × 100)/(2943000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 982800 interest in 9 years at 12% SI is

A. Rs. 908000

B. Rs. 910000

C. Rs. 909000

D. Rs. 911000

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Correct Answer: Option B

Explanation:
P = (982800 × 100)/(12 × 9) = 910000.

This question belongs to: Maths Simple Interest

Question #2

A sum at 10% SI for 4 years amounts to Rs. 168000. Principal

A. Rs. 110000

B. Rs. 111000

C. Rs. 112000

D. Rs. 113000

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Correct Answer: Option C

Explanation:
SI = 56000. P = 168000 - 56000 = 112000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 3447000 for 2 years at 84% per annum is

A. Rs. 5791160

B. Rs. 5790760

C. Rs. 5791360

D. Rs. 5790960

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Correct Answer: Option D

Explanation:
SI = (3447000 × 84 × 2)/100 = 5790960.

This question belongs to: Maths Simple Interest

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