The rate at which Rs. 1863000 amounts to Rs. 2421900 in 3 years is MCQ with Answer and Explanation

Question Report Error

The rate at which Rs. 1863000 amounts to Rs. 2421900 in 3 years is

A. 10%

B. 9%

C. 8%

D. 12%

Answer: Option A

Solution (By JKExamLibrary)

SI = 558900. R = (558900 × 100)/(1863000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

The principal that gives Rs. 2448 interest in 2 years at 6% SI is

A. Rs. 20400

B. Rs. 19400

C. Rs. 21400

D. Rs. 18400

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Correct Answer: Option A

Explanation:
P = (2448 × 100)/(6 × 2) = 20400.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 279000 for 3 years at 11% per annum is

A. Rs. 92470

B. Rs. 92270

C. Rs. 92070

D. Rs. 91870

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Correct Answer: Option C

Explanation:
SI = (279000 × 11 × 3)/100 = 92070.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum of Rs. 3420000 amounts to Rs. 4788000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SI = 1368000. R = (1368000 × 100)/(3420000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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