Rate when Rs. 38000 amounts to Rs. 49400 in 3 years MCQ with Answer and Explanation

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Rate when Rs. 38000 amounts to Rs. 49400 in 3 years

A. 10%

B. 12%

C. 9%

D. 8%

Answer: Option A

Solution (By JKExamLibrary)

SI = 11400. R = (11400 * 100)/(38000 * 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 3105000 amounts to Rs. 4347000 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 = 1242000. R = (1242000 × 100)/(3105000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 25200 interest in 6 years at 7% SI is

A. Rs. 60000

B. Rs. 59000

C. Rs. 61000

D. Rs. 58000

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Correct Answer: Option A

Explanation:
P = (25200 × 100)/(7 × 6) = 60000.

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Question #3

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A sum of Rs. 3375000 amounts to Rs. 4725000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1350000. R = (1350000 × 100)/(3375000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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