The rate at which Rs. 1503000 amounts to Rs. 1953900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 1503000 amounts to Rs. 1953900 in 3 years is

A. 8%

B. 12%

C. 9%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 450900. R = (450900 × 100)/(1503000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The principal for Rs. 20160 interest in 8 years at 6%

A. Rs. 43000

B. Rs. 42000

C. Rs. 40000

D. Rs. 41000

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Correct Answer: Option B

Explanation:
P = (20160 * 100)/(6 * 8) = 42000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 13078 for 4 years at 7% per annum is

A. Rs. 3511

B. Rs. 3861

C. Rs. 3661

D. Rs. 4161

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Correct Answer: Option C

Explanation:
SI = (13078 * 7 * 4)/100 = 3661.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 1557000 for 2 years at 42% per annum is

A. Rs. 1307680

B. Rs. 1308080

C. Rs. 1307880

D. Rs. 1308280

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Correct Answer: Option C

Explanation:
SI = (1557000 × 42 × 2)/100 = 1307880.

This question belongs to: Maths Simple Interest

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