Rate when Rs. 203000 amounts to Rs. 263900 in 3 years MCQ with Answer and Explanation

Rate when Rs. 203000 amounts to Rs. 263900 in 3 years

A. 12%

B. 9%

C. 8%

D. 10%

Answer: Option D

SI = 60900. R = (60900 * 100)/(203000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

In how many years will Rs. 1026000 amount to Rs. 1436400 at 8% simple interest?

A. 4 years

B. 7 years

C. 6 years

D. 5 years

Correct Answer: Option D

Explanation:
SI = 410400. T = (410400 × 100)/(1026000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 2151000 amount to Rs. 3011400 at 8% simple interest?

A. 7 years

B. 5 years

C. 4 years

D. 6 years

Correct Answer: Option B

Explanation:
SI = 860400. T = (860400 × 100)/(2151000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The principal that gives Rs. 12974400 interest in 8 years at 39% SI is

A. Rs. 4148000

B. Rs. 4149000

C. Rs. 4151000

D. Rs. 4150000

Correct Answer: Option D

Explanation:
P = (12974400 × 100)/(39 × 8) = 4150000.

This question belongs to: Maths Simple Interest