The rate at which Rs. 3078000 amounts to Rs. 4001400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3078000 amounts to Rs. 4001400 in 3 years is

A. 9%

B. 12%

C. 10%

D. 8%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 923400. R = (923400 × 100)/(3078000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 414000 for 3 years at 14% per annum is

A. Rs. 174280

B. Rs. 173680

C. Rs. 174080

D. Rs. 173880

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Correct Answer: Option D

Explanation:
SI = (414000 × 14 × 3)/100 = 173880.

This question belongs to: Maths Simple Interest

Question #2

SI on Rs. 73500 for 2 years at 11%

A. Rs. 16570

B. Rs. 15970

C. Rs. 16170

D. Rs. 16370

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Correct Answer: Option C

Explanation:
SI = (73500 * 11 * 2)/100 = 16170.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 207000 amount to Rs. 289800 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 82800. T = (82800 × 100)/(207000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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