The rate at which Rs. 3753000 amounts to Rs. 4878900 in 3 years is MCQ with Answer and Explanation

The rate at which Rs. 3753000 amounts to Rs. 4878900 in 3 years is
A. 10%
B. 8%
C. 12%
D. 9%
Answer: Option A
Solution (By JKSSB Mock Tests)
SI = 1125900. R = (1125900 × 100)/(3753000 × 3) = 10%.

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Practice More Simple Interest Questions

Question #1
Time for Rs. 420000 at 11% to amount Rs. 588000
A. 5 years
B. 6 years
C. 4 years
D. 3 years

Correct Answer: Option C


Explanation:
SI = 168000. T = (168000 * 100)/(420000 * 11) = 4 years.

This question belongs to: Maths Simple Interest
Question #2
Simple interest on Rs. 2394000 for 3 years at 58% per annum is
A. Rs. 4165360
B. Rs. 4165760
C. Rs. 4165560
D. Rs. 4165960

Correct Answer: Option C


Explanation:
SI = (2394000 × 58 × 3)/100 = 4165560.

This question belongs to: Maths Simple Interest
Question #3
Simple interest on Rs. 20700 for 5 years at 11% per annum is
A. Rs. 11585
B. Rs. 11185
C. Rs. 11785
D. Rs. 11385

Correct Answer: Option D


Explanation:
SI = (20700 × 11 × 5)/100 = 11385.

This question belongs to: Maths Simple Interest