Rate when Rs. 259000 amounts to Rs. 336700 in 3 years MCQ with Answer and Explanation

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Rate when Rs. 259000 amounts to Rs. 336700 in 3 years

A. 8%

B. 12%

C. 10%

D. 9%

Answer: Option C

Solution (By JKExamLibrary)

SI = 77700. R = (77700 * 100)/(259000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 3114000 for 3 years at 74% per annum is

A. Rs. 6912520

B. Rs. 6911920

C. Rs. 6912120

D. Rs. 6912320

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Correct Answer: Option C

Explanation:
SI = (3114000 × 74 × 3)/100 = 6912120.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Principal for Rs. 201600 interest in 9 years at 8%

A. Rs. 280000

B. Rs. 281000

C. Rs. 278000

D. Rs. 279000

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Correct Answer: Option A

Explanation:
P = (201600 * 100)/(8 * 9) = 280000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 243000 amount to Rs. 340200 at 8% simple interest?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 97200. T = (97200 × 100)/(243000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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