The rate at which Rs. 3843000 amounts to Rs. 4995900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3843000 amounts to Rs. 4995900 in 3 years is

A. 9%

B. 10%

C. 8%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1152900. R = (1152900 × 100)/(3843000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

SI on Rs. 115500 for 3 years at 12%

A. Rs. 41380

B. Rs. 41980

C. Rs. 41580

D. Rs. 41780

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Correct Answer: Option C

Explanation:
SI = (115500 * 12 * 3)/100 = 41580.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 2646000 amount to Rs. 3704400 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 1058400. T = (1058400 × 100)/(2646000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 3915000 amounts to Rs. 5481000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 1566000. R = (1566000 × 100)/(3915000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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