The rate at which Rs. 3528000 amounts to Rs. 4586400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3528000 amounts to Rs. 4586400 in 3 years is

A. 10%

B. 9%

C. 8%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1058400. R = (1058400 × 100)/(3528000 × 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. 2421000 amount to Rs. 3389400 at 8% simple interest?

A. 4 years

B. 7 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 968400. T = (968400 × 100)/(2421000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 2178000 amounts to Rs. 2831400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 653400. R = (653400 × 100)/(2178000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum at 11% SI for 5 years amounts to Rs. 189000. Principal

A. Rs. 124000

B. Rs. 126000

C. Rs. 125000

D. Rs. 127000

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Correct Answer: Option B

Explanation:
SI = 63000. P = 189000 - 63000 = 126000.

This question belongs to: Maths Simple Interest

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