The rate at which Rs. 414000 amounts to Rs. 538200 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 414000 amounts to Rs. 538200 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 124200. R = (124200 × 100)/(414000 × 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. 666000 amount to Rs. 932400 at 8% simple interest?

A. 6 years

B. 5 years

C. 7 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 266400. T = (266400 × 100)/(666000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 1234800 interest in 9 years at 13% SI is

A. Rs. 1054000

B. Rs. 1056000

C. Rs. 1057000

D. Rs. 1055000

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Correct Answer: Option B

Explanation:
P = (1234800 × 100)/(13 × 9) = 1056000.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 1206000 amount to Rs. 1688400 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 482400. T = (482400 × 100)/(1206000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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