The rate at which Rs. 540000 amounts to Rs. 702000 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 540000 amounts to Rs. 702000 in 3 years is

A. 8%

B. 10%

C. 12%

D. 9%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 162000. R = (162000 × 100)/(540000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 3704400 interest in 8 years at 20% SI is

A. Rs. 2313250

B. Rs. 2316250

C. Rs. 2315250

D. Rs. 2314250

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Correct Answer: Option C

Explanation:
P = (3704400 × 100)/(20 × 8) = 2315250.

This question belongs to: Maths Simple Interest

Question #2

Time for Rs. 36000 at 5% to amount Rs. 46800

A. 6 years

B. 7 years

C. 5 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 10800. T = (10800 * 100)/(36000 * 5) = 6 years.

This question belongs to: Maths Simple Interest

Question #3

The principal giving Rs. 30240 SI in 8 years at 7%

A. Rs. 55000

B. Rs. 52000

C. Rs. 53000

D. Rs. 54000

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Correct Answer: Option D

Explanation:
P = (30240 * 100)/(7 * 8) = 54000.

This question belongs to: Maths Simple Interest

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