The rate at which Rs. 4068000 amounts to Rs. 5288400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 4068000 amounts to Rs. 5288400 in 3 years is

A. 9%

B. 10%

C. 12%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1220400. R = (1220400 × 100)/(4068000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 1251000 amount to Rs. 1751400 at 8% simple interest?

A. 7 years

B. 6 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 500400. T = (500400 × 100)/(1251000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 702000 for 2 years at 23% per annum is

A. Rs. 322920

B. Rs. 323320

C. Rs. 323120

D. Rs. 322720

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Correct Answer: Option A

Explanation:
SI = (702000 × 23 × 2)/100 = 322920.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 105000 for 2 years at 6% per annum is

A. Rs. 12600

B. Rs. 12800

C. Rs. 12400

D. Rs. 13000

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Correct Answer: Option A

Explanation:
SI = (105000 × 6 × 2)/100 = 12600.

This question belongs to: Maths Simple Interest

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