The rate at which Rs. 2313000 amounts to Rs. 3006900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2313000 amounts to Rs. 3006900 in 3 years is

A. 8%

B. 10%

C. 12%

D. 9%

Answer: Option B

Solution (By JKExamLibrary)

SI = 693900. R = (693900 × 100)/(2313000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 1234800 interest in 9 years at 13% SI is

A. Rs. 1057000

B. Rs. 1055000

C. Rs. 1056000

D. Rs. 1054000

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Correct Answer: Option C

Explanation:
P = (1234800 × 100)/(13 × 9) = 1056000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 248500 for 4 years at 8%

A. Rs. 79520

B. Rs. 79320

C. Rs. 79920

D. Rs. 79720

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Correct Answer: Option A

Explanation:
SI = (248500 * 8 * 4)/100 = 79520.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 972000 for 3 years at 30% per annum is

A. Rs. 874600

B. Rs. 875200

C. Rs. 875000

D. Rs. 874800

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Correct Answer: Option D

Explanation:
SI = (972000 × 30 × 3)/100 = 874800.

This question belongs to: Maths Simple Interest

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