The rate at which Rs. 2988000 amounts to Rs. 3884400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2988000 amounts to Rs. 3884400 in 3 years is

A. 10%

B. 8%

C. 9%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 896400. R = (896400 × 100)/(2988000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Principal giving Rs. 9450 SI in 7 years at 9%

A. Rs. 13000

B. Rs. 14000

C. Rs. 15000

D. Rs. 16000

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Correct Answer: Option C

Explanation:
P = (9450 * 100)/(9 * 7) = 15000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 50400 interest in 8 years at 9% SI is

A. Rs. 70000

B. Rs. 71000

C. Rs. 68000

D. Rs. 69000

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Correct Answer: Option A

Explanation:
P = (50400 × 100)/(9 × 8) = 70000.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 4023000 amounts to Rs. 5229900 in 3 years is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 1206900. R = (1206900 × 100)/(4023000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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