The rate at which Rs. 60000 amounts to Rs. 78000 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 60000 amounts to Rs. 78000 in 3 years is

A. 12%

B. 9%

C. 8%

D. 10%

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = 18000. R = (18000 × 100)/(60000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The rate at which Rs. 504000 amounts to Rs. 655200 in 3 years is

A. 10%

B. 8%

C. 9%

D. 12%

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Correct Answer: Option A

Explanation:
SI = 151200. R = (151200 × 100)/(504000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 2997000 for 2 years at 74% per annum is

A. Rs. 4435760

B. Rs. 4435960

C. Rs. 4435560

D. Rs. 4435360

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Correct Answer: Option C

Explanation:
SI = (2997000 × 74 × 2)/100 = 4435560.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 38500 for 5 years at 8%

A. Rs. 15400

B. Rs. 15800

C. Rs. 15600

D. Rs. 15200

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Correct Answer: Option A

Explanation:
SI = (38500 * 8 * 5)/100 = 15400.

This question belongs to: Maths Simple Interest

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