The rate at which Rs. 3168000 amounts to Rs. 4118400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3168000 amounts to Rs. 4118400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 950400. R = (950400 × 100)/(3168000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 639000 amount to Rs. 894600 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 255600. T = (255600 × 100)/(639000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 4059000 for 3 years at 95% per annum is

A. Rs. 11568550

B. Rs. 11568350

C. Rs. 11568150

D. Rs. 11567950

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Correct Answer: Option C

Explanation:
SI = (4059000 × 95 × 3)/100 = 11568150.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 336000 at 8% to amount Rs. 470400

A. 7 years

B. 4 years

C. 6 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 134400. T = (134400 * 100)/(336000 * 8) = 5 years.

This question belongs to: Maths Simple Interest

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