The rate at which Rs. 4203000 amounts to Rs. 5463900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 4203000 amounts to Rs. 5463900 in 3 years is

A. 10%

B. 9%

C. 12%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 1260900. R = (1260900 × 100)/(4203000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1602000 for 2 years at 43% per annum is

A. Rs. 1377720

B. Rs. 1377520

C. Rs. 1378120

D. Rs. 1377920

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Correct Answer: Option A

Explanation:
SI = (1602000 × 43 × 2)/100 = 1377720.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 1926000 amount to Rs. 2696400 at 8% simple interest?

A. 7 years

B. 5 years

C. 6 years

D. 4 years

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Correct Answer: Option B

Explanation:
SI = 770400. T = (770400 × 100)/(1926000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 4005000 amounts to Rs. 5607000 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 1602000. R = (1602000 × 100)/(4005000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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