The rate at which Rs. 234000 amounts to Rs. 304200 in 3 years is MCQ with Answer and Explanation

Question Report Error

The rate at which Rs. 234000 amounts to Rs. 304200 in 3 years is

A. 10%

B. 9%

C. 8%

D. 12%

Answer: Option A

Solution (By JKExamLibrary)

SI = 70200. R = (70200 × 100)/(234000 × 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. 3474000 for 3 years at 82% per annum is

A. Rs. 8550040

B. Rs. 8549440

C. Rs. 8549840

D. Rs. 8549640

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Correct Answer: Option D

Explanation:
SI = (3474000 × 82 × 3)/100 = 8549640.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years Rs. 22964 will amount to Rs. 34216 at 7% simple interest?

A. 7 years

B. 8 years

C. 9 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 11252. T = (11252 * 100)/(22964 * 7) = 7 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 621000 for 2 years at 23% per annum is

A. Rs. 285460

B. Rs. 286060

C. Rs. 285860

D. Rs. 285660

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
SI = (621000 × 23 × 2)/100 = 285660.

This question belongs to: Maths Simple Interest

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