The rate at which Rs. 3798000 amounts to Rs. 4937400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3798000 amounts to Rs. 4937400 in 3 years is

A. 9%

B. 12%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 1139400. R = (1139400 × 100)/(3798000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

A sum becomes Rs. 13500 in 3 years at 5% SI per annum. The principal is

A. Rs. 11000

B. Rs. 10000

C. Rs. 9000

D. Rs. 12000

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Correct Answer: Option D

Explanation:
Interest = 13500 - P. SI = (P × 5 × 3)/100 = 13500 - P. Solving gives P = 12000.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 25200 interest in 5 years at 8% SI is

A. Rs. 63000

B. Rs. 64000

C. Rs. 61000

D. Rs. 62000

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Correct Answer: Option A

Explanation:
P = (25200 × 100)/(8 × 5) = 63000.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 15120 interest in 4 years at 9% SI is

A. Rs. 42000

B. Rs. 43000

C. Rs. 41000

D. Rs. 40000

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Correct Answer: Option A

Explanation:
P = (15120 × 100)/(9 × 4) = 42000.

This question belongs to: Maths Simple Interest

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