The rate at which Rs. 3708000 amounts to Rs. 4820400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3708000 amounts to Rs. 4820400 in 3 years is

A. 9%

B. 12%

C. 10%

D. 8%

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = 1112400. R = (1112400 × 100)/(3708000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Rate when Rs. 315000 amounts to Rs. 409500 in 3 years

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 94500. R = (94500 * 100)/(315000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 2376000 amount to Rs. 3326400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 950400. T = (950400 × 100)/(2376000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 189000 for 2 years at 11% per annum is

A. Rs. 41980

B. Rs. 41580

C. Rs. 41780

D. Rs. 41380

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Correct Answer: Option B

Explanation:
SI = (189000 × 11 × 2)/100 = 41580.

This question belongs to: Maths Simple Interest

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