The rate at which Rs. 42000 amounts to Rs. 54600 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 42000 amounts to Rs. 54600 in 3 years is

A. 12%

B. 8%

C. 9%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 12600. R = (12600 × 100)/(42000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1062000 for 2 years at 31% per annum is

A. Rs. 658640

B. Rs. 658440

C. Rs. 658840

D. Rs. 658240

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Correct Answer: Option B

Explanation:
SI = (1062000 × 31 × 2)/100 = 658440.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 7243200 interest in 8 years at 29% SI is

A. Rs. 3120000

B. Rs. 3119000

C. Rs. 3118000

D. Rs. 3121000

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Correct Answer: Option A

Explanation:
P = (7243200 × 100)/(29 × 8) = 3120000.

This question belongs to: Maths Simple Interest

Question #3

SI on Rs. 101500 for 5 years at 5%

A. Rs. 25575

B. Rs. 25775

C. Rs. 25175

D. Rs. 25375

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Correct Answer: Option D

Explanation:
SI = (101500 * 5 * 5)/100 = 25375.

This question belongs to: Maths Simple Interest

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