The rate at which Rs. 1233000 amounts to Rs. 1602900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 1233000 amounts to Rs. 1602900 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

Answer: Option B

Solution (By JKExamLibrary)

SI = 369900. R = (369900 × 100)/(1233000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

A sum of Rs. 2070000 amounts to Rs. 2898000 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 = 828000. R = (828000 × 100)/(2070000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Rate when Rs. 371000 amounts to Rs. 482300 in 3 years

A. 10%

B. 12%

C. 8%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 111300. R = (111300 * 100)/(371000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 864000 for 3 years at 24% per annum is

A. Rs. 622080

B. Rs. 621880

C. Rs. 622480

D. Rs. 622280

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Correct Answer: Option A

Explanation:
SI = (864000 × 24 × 3)/100 = 622080.

This question belongs to: Maths Simple Interest

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