The rate at which Rs. 45000 amounts to Rs. 58500 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 45000 amounts to Rs. 58500 in 3 years is

A. 10%

B. 9%

C. 8%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 13500. R = (13500 × 100)/(45000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 94500 for 2 years at 13%

A. Rs. 24570

B. Rs. 24770

C. Rs. 24970

D. Rs. 24370

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Correct Answer: Option A

Explanation:
SI = (94500 * 13 * 2)/100 = 24570.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 1058400 interest in 8 years at 13% SI is

A. Rs. 1013500

B. Rs. 1011500

C. Rs. 1012500

D. Rs. 1010500

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Correct Answer: Option C

Explanation:
P = (1058400 × 100)/(13 × 8) = 1012500.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 3645000 amounts to Rs. 5103000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1458000. R = (1458000 × 100)/(3645000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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