The rate at which Rs. 3123000 amounts to Rs. 4060000 approx in 3 years is adjusted to exact 10% MCQ with Answer and Explanation

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The rate at which Rs. 3123000 amounts to Rs. 4060000 approx in 3 years is adjusted to exact 10%

A. 9%

B. 12%

C. 10%

D. 8%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 937000 approx, R = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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Simple interest on Rs. 594000 for 3 years at 18% per annum is

A. Rs. 321160

B. Rs. 320560

C. Rs. 320960

D. Rs. 320760

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Correct Answer: Option D

Explanation:
SI = (594000 × 18 × 3)/100 = 320760.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 1836000 amount to Rs. 2570400 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 734400. T = (734400 × 100)/(1836000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 42000 amounts to Rs. 54600 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 12600. R = (12600 × 100)/(42000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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