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. 9%

B. 8%

C. 10%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

SI on Rs. 59500 for 2 years at 6%

A. Rs. 6940

B. Rs. 7340

C. Rs. 7540

D. Rs. 7140

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Correct Answer: Option D

Explanation:
SI = (59500 * 6 * 2)/100 = 7140.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 972000 for 3 years at 30% per annum is

A. Rs. 874800

B. Rs. 874600

C. Rs. 875200

D. Rs. 875000

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Correct Answer: Option A

Explanation:
SI = (972000 × 30 × 3)/100 = 874800.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 909000 for 2 years at 31% per annum is

A. Rs. 563580

B. Rs. 563780

C. Rs. 563380

D. Rs. 563980

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Correct Answer: Option A

Explanation:
SI = (909000 × 31 × 2)/100 = 563580.

This question belongs to: Maths Simple Interest

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