The rate at which Rs. 2268000 amounts to Rs. 2948400 in 3 years is MCQ with Answer and Explanation

Question Report Error

The rate at which Rs. 2268000 amounts to Rs. 2948400 in 3 years is

A. 12%

B. 10%

C. 9%

D. 8%

Answer: Option B

Solution (By JKExamLibrary)

SI = 680400. R = (680400 × 100)/(2268000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 42000 for 5 years at 7% per annum is

A. Rs. 15100

B. Rs. 14700

C. Rs. 14900

D. Rs. 14500

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Correct Answer: Option B

Explanation:
SI = (42000 × 7 × 5)/100 = 14700.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 2817000 for 2 years at 70% per annum is

A. Rs. 3944200

B. Rs. 3943800

C. Rs. 3943600

D. Rs. 3944000

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Correct Answer: Option B

Explanation:
SI = (2817000 × 70 × 2)/100 = 3943800.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The rate at which Rs. 1458000 amounts to Rs. 1895400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
SI = 437400. R = (437400 × 100)/(1458000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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