The rate at which Rs. 468000 amounts to Rs. 608400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 468000 amounts to Rs. 608400 in 3 years is

A. 10%

B. 8%

C. 12%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 140400. R = (140400 × 100)/(468000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 3177000 for 2 years at 78% per annum is

A. Rs. 4956320

B. Rs. 4956520

C. Rs. 4955920

D. Rs. 4956120

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Correct Answer: Option D

Explanation:
SI = (3177000 × 78 × 2)/100 = 4956120.

This question belongs to: Maths Simple Interest

Question #2

Rs. 15000 lent at 8% per annum simple interest. Interest in 4 years is

A. Rs. 4600

B. Rs. 4800

C. Rs. 5000

D. Rs. 5200

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Correct Answer: Option B

Explanation:
SI = (15000 × 8 × 4)/100 = 4800.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 2556000 amount to Rs. 3578400 at 8% simple interest?

A. 5 years

B. 6 years

C. 4 years

D. 7 years

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Correct Answer: Option A

Explanation:
SI = 1022400. T = (1022400 × 100)/(2556000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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