The rate at which Rs. 3438000 amounts to Rs. 4469400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3438000 amounts to Rs. 4469400 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1031400. R = (1031400 × 100)/(3438000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 126000 interest in 8 years at 9% SI is

A. Rs. 175000

B. Rs. 174000

C. Rs. 176000

D. Rs. 173000

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Correct Answer: Option A

Explanation:
P = (126000 × 100)/(9 × 8) = 175000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 70000 for 2 years at 11% per annum is

A. Rs. 15800

B. Rs. 15400

C. Rs. 15600

D. Rs. 15200

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Correct Answer: Option B

Explanation:
SI = (70000 × 11 × 2)/100 = 15400.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 6710400 interest in 8 years at 28% SI is

A. Rs. 2999000

B. Rs. 3000000

C. Rs. 2998000

D. Rs. 3001000

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Correct Answer: Option B

Explanation:
P = (6710400 × 100)/(28 × 8) = 3000000.

This question belongs to: Maths Simple Interest

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