The rate at which Rs. 4023000 amounts to Rs. 5229900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 4023000 amounts to Rs. 5229900 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1206900. R = (1206900 × 100)/(4023000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 27500 for 2 years at 11% per annum is

A. Rs. 6050

B. Rs. 6250

C. Rs. 6450

D. Rs. 5850

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Correct Answer: Option A

Explanation:
SI = (27500 * 11 * 2)/100 = 6050.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2637000 for 2 years at 66% per annum is

A. Rs. 3480640

B. Rs. 3481040

C. Rs. 3481240

D. Rs. 3480840

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Correct Answer: Option D

Explanation:
SI = (2637000 × 66 × 2)/100 = 3480840.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 88200 interest in 7 years at 9% SI is

A. Rs. 139000

B. Rs. 141000

C. Rs. 138000

D. Rs. 140000

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Correct Answer: Option D

Explanation:
P = (88200 × 100)/(9 × 7) = 140000.

This question belongs to: Maths Simple Interest

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