The rate at which Rs. 216000 amounts to Rs. 280800 in 3 years is MCQ with Answer and Explanation

The rate at which Rs. 216000 amounts to Rs. 280800 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

Answer: Option D

SI = 64800. R = (64800 × 100)/(216000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

In how many years will Rs. 5000 amount to Rs. 6500 at 6% simple interest per annum?

A. 4 years

B. 6 years

C. 5 years

D. 3 years

Correct Answer: Option C

Explanation:
SI = 1500. T = (1500 × 100)/(5000 × 6) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum of Rs. 270000 amounts to Rs. 378000 in 4 years at simple interest. The rate is

A. 10%

B. 9%

C. 12%

D. 8%

Correct Answer: Option A

Explanation:
SI = 108000. R = (108000 × 100)/(270000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 135000 amount to Rs. 189000 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

Correct Answer: Option B

Explanation:
SI = 54000. T = (54000 × 100)/(135000 × 8) = 5 years.

This question belongs to: Maths Simple Interest