The rate at which Rs. 828000 amounts to Rs. 1076400 in 3 years is MCQ with Answer and Explanation

Question

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The rate at which Rs. 828000 amounts to Rs. 1076400 in 3 years is

A. 12%

B. 10%

C. 9%

D. 8%

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = 248400. R = (248400 × 100)/(828000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 1485000 amounts to Rs. 2079000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 594000. R = (594000 × 100)/(1485000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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Time for Rs. 308000 at 10% to amount Rs. 431200

A. 4 years

B. 5 years

C. 6 years

D. 3 years

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Correct Answer: Option A

Explanation:
SI = 123200. T = (123200 * 100)/(308000 * 10) = 4 years.

This question belongs to: Maths Simple Interest

Question #3

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The principal that gives Rs. 201600 interest in 6 years at 7% SI is

A. Rs. 481000

B. Rs. 479000

C. Rs. 480000

D. Rs. 478000

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Correct Answer: Option C

Explanation:
P = (201600 × 100)/(7 × 6) = 480000.

This question belongs to: Maths Simple Interest

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