The rate at which Rs. 3348000 amounts to Rs. 4352400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3348000 amounts to Rs. 4352400 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1004400. R = (1004400 × 100)/(3348000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 333000 for 2 years at 15% per annum is

A. Rs. 100300

B. Rs. 100100

C. Rs. 99700

D. Rs. 99900

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Correct Answer: Option D

Explanation:
SI = (333000 × 15 × 2)/100 = 99900.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 4762800 interest in 8 years at 23% SI is

A. Rs. 2590000

B. Rs. 2589000

C. Rs. 2591000

D. Rs. 2588000

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Correct Answer: Option A

Explanation:
P = (4762800 × 100)/(23 × 8) = 2590000.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 1953000 amounts to Rs. 2538900 in 3 years is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 585900. R = (585900 × 100)/(1953000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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