The rate at which Rs. 3033000 amounts to Rs. 3942900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3033000 amounts to Rs. 3942900 in 3 years is

A. 8%

B. 12%

C. 9%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 909900. R = (909900 × 100)/(3033000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 486000 amounts to Rs. 631800 in 3 years is

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 145800. R = (145800 × 100)/(486000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

The rate of interest at which Rs. 6000 gives Rs. 1200 interest in 4 years is

A. 5%

B. 4%

C. 8%

D. 6%

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Correct Answer: Option A

Explanation:
R = (1200 × 100)/(6000 × 4) = 5%.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 25200 interest in 5 years at 8% SI is

A. Rs. 61000

B. Rs. 62000

C. Rs. 63000

D. Rs. 64000

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Correct Answer: Option C

Explanation:
P = (25200 × 100)/(8 × 5) = 63000.

This question belongs to: Maths Simple Interest

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