The rate at which Rs. 423000 amounts to Rs. 549900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 423000 amounts to Rs. 549900 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 126900. R = (126900 × 100)/(423000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

In how many years will Rs. 3231000 amount to Rs. 4523400 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 1292400. T = (1292400 × 100)/(3231000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option A

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

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 30000 amounts to Rs. 42000 in 4 years at simple interest. The rate is

A. 10%

B. 8%

C. 9%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 12000. R = (12000 × 100)/(30000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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