The rate at which Rs. 1188000 amounts to Rs. 1544400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 1188000 amounts to Rs. 1544400 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

Answer: Option C

Solution (By JKExamLibrary)

SI = 356400. R = (356400 × 100)/(1188000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on a sum for 3 years at 15% is Rs. 6750. The sum is

A. Rs. 14000

B. Rs. 13000

C. Rs. 15000

D. Rs. 16000

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Correct Answer: Option C

Explanation:
P = (6750 × 100)/(15 × 3) = 15000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 909000 for 3 years at 25% per annum is

A. Rs. 681550

B. Rs. 682150

C. Rs. 681950

D. Rs. 681750

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Correct Answer: Option D

Explanation:
SI = (909000 × 25 × 3)/100 = 681750.

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Question #3

The principal that gives Rs. 1512000 interest in 9 years at 14% SI is

A. Rs. 1199000

B. Rs. 1200000

C. Rs. 1201000

D. Rs. 1198000

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Correct Answer: Option B

Explanation:
P = (1512000 × 100)/(14 × 9) = 1200000.

This question belongs to: Maths Simple Interest

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