The rate at which Rs. 2223000 amounts to Rs. 2890000 approx in 3 years is adjusted to exact 10% MCQ with Answer and Explanation

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The rate at which Rs. 2223000 amounts to Rs. 2890000 approx in 3 years is adjusted to exact 10%

A. 12%

B. 9%

C. 10%

D. 8%

Answer: Option C

Solution (By JKExamLibrary)

SI = 667000 approx, R = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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Simple interest on Rs. 4059000 for 3 years at 95% per annum is

A. Rs. 11568150

B. Rs. 11567950

C. Rs. 11568550

D. Rs. 11568350

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Correct Answer: Option A

Explanation:
SI = (4059000 × 95 × 3)/100 = 11568150.

This question belongs to: Maths Simple Interest

Question #2

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A sum of Rs. 1755000 amounts to Rs. 2457000 in 4 years at simple interest. The rate is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 702000. R = (702000 × 100)/(1755000 × 4) = 10%.

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Question #3

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The rate at which Rs. 513000 amounts to Rs. 666900 in 3 years is

A. 8%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 153900. R = (153900 × 100)/(513000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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