The rate at which Rs. 2088000 amounts to Rs. 2714400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2088000 amounts to Rs. 2714400 in 3 years is

A. 8%

B. 10%

C. 12%

D. 9%

Answer: Option B

Solution (By JKExamLibrary)

SI = 626400. R = (626400 × 100)/(2088000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Simple interest on Rs. 1062000 for 2 years at 31% per annum is

A. Rs. 658240

B. Rs. 658640

C. Rs. 658440

D. Rs. 658840

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Correct Answer: Option C

Explanation:
SI = (1062000 × 31 × 2)/100 = 658440.

This question belongs to: Maths Simple Interest

Question #2

In how many years will Rs. 2826000 amount to Rs. 3956400 at 8% simple interest?

A. 6 years

B. 5 years

C. 4 years

D. 7 years

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Correct Answer: Option B

Explanation:
SI = 1130400. T = (1130400 × 100)/(2826000 × 8) = 5 years.

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Question #3

Simple interest on Rs. 3177000 for 2 years at 78% per annum is

A. Rs. 4956520

B. Rs. 4956320

C. Rs. 4955920

D. Rs. 4956120

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Correct Answer: Option D

Explanation:
SI = (3177000 × 78 × 2)/100 = 4956120.

This question belongs to: Maths Simple Interest

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