The rate at which Rs. 3888000 amounts to Rs. 5054400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3888000 amounts to Rs. 5054400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1166400. R = (1166400 × 100)/(3888000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 1863000 amounts to Rs. 2421900 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 558900. R = (558900 × 100)/(1863000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 24500 for 3 years at 9% is

A. Rs. 7015

B. Rs. 6815

C. Rs. 6415

D. Rs. 6615

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Correct Answer: Option D

Explanation:
SI = (24500 * 9 * 3)/100 = 6615.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 1836000 amount to Rs. 2570400 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 = 734400. T = (734400 × 100)/(1836000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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