The rate at which Rs. 558000 amounts to Rs. 725400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 558000 amounts to Rs. 725400 in 3 years is

A. 12%

B. 10%

C. 9%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 167400. R = (167400 × 100)/(558000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Principal for Rs. 21600 interest in 6 years at 9%

A. Rs. 41000

B. Rs. 40000

C. Rs. 38000

D. Rs. 39000

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Correct Answer: Option B

Explanation:
P = (21600 * 100)/(9 * 6) = 40000.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 3240000 amounts to Rs. 4536000 in 4 years at simple interest. The rate is

A. 12%

B. 10%

C. 9%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 1296000. R = (1296000 × 100)/(3240000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Years for Rs. 238000 at 7% to give Rs. 99960 interest

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option A

Explanation:
T = (99960 * 100)/(238000 * 7) = 6 years.

This question belongs to: Maths Simple Interest

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