The rate at which Rs. 4383000 amounts to Rs. 5697900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 4383000 amounts to Rs. 5697900 in 3 years is

A. 9%

B. 8%

C. 12%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 1314900. R = (1314900 × 100)/(4383000 × 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. 3096000 amount to Rs. 4334400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 1238400. T = (1238400 × 100)/(3096000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 75000 for 4 years at 5% per annum is

A. Rs. 15200

B. Rs. 15400

C. Rs. 14800

D. Rs. 15000

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Correct Answer: Option D

Explanation:
SI = (75000 × 5 × 4)/100 = 15000.

This question belongs to: Maths Simple Interest

Question #3

The principal that gives Rs. 6476400 interest in 9 years at 23% SI is

A. Rs. 3120000

B. Rs. 3121000

C. Rs. 3119000

D. Rs. 3118000

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Correct Answer: Option A

Explanation:
P = (6476400 × 100)/(23 × 9) = 3120000.

This question belongs to: Maths Simple Interest

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