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. 8%

B. 12%

C. 10%

D. 9%

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. 225000 for 2 years at 12% per annum is

A. Rs. 54000

B. Rs. 54400

C. Rs. 53800

D. Rs. 54200

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Correct Answer: Option A

Explanation:
SI = (225000 × 12 × 2)/100 = 54000.

This question belongs to: Maths Simple Interest

Question #2

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The rate at which Rs. 1368000 amounts to Rs. 1778400 in 3 years is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 410400. R = (410400 × 100)/(1368000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 4392000 for 2 years at 103% per annum is

A. Rs. 9047720

B. Rs. 9047920

C. Rs. 9047320

D. Rs. 9047520

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Correct Answer: Option D

Explanation:
SI = (4392000 × 103 × 2)/100 = 9047520.

This question belongs to: Maths Simple Interest

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