The rate at which Rs. 4293000 amounts to Rs. 5580900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 4293000 amounts to Rs. 5580900 in 3 years is

A. 9%

B. 10%

C. 8%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 1287900. R = (1287900 × 100)/(4293000 × 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. 2466000 amount to Rs. 3452400 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 986400. T = (986400 × 100)/(2466000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 151200 interest in 9 years at 8% SI is

A. Rs. 209000

B. Rs. 211000

C. Rs. 210000

D. Rs. 208000

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Correct Answer: Option C

Explanation:
P = (151200 × 100)/(8 × 9) = 210000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 50000 for 3 years at 9% per annum is

A. Rs. 13700

B. Rs. 13500

C. Rs. 13300

D. Rs. 13900

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Correct Answer: Option B

Explanation:
SI = (50000 × 9 × 3)/100 = 13500.

This question belongs to: Maths Simple Interest

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