The rate at which Rs. 2358000 amounts to Rs. 3065400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2358000 amounts to Rs. 3065400 in 3 years is

A. 8%

B. 10%

C. 12%

D. 9%

Answer: Option B

Solution (By JKExamLibrary)

SI = 707400. R = (707400 × 100)/(2358000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal for Rs. 20160 interest in 8 years at 6%

A. Rs. 41000

B. Rs. 42000

C. Rs. 40000

D. Rs. 43000

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Correct Answer: Option B

Explanation:
P = (20160 * 100)/(6 * 8) = 42000.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 4617000 for 2 years at 108% per annum is

A. Rs. 9972920

B. Rs. 9972520

C. Rs. 9972720

D. Rs. 9973120

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Correct Answer: Option C

Explanation:
SI = (4617000 × 108 × 2)/100 = 9972720.

This question belongs to: Maths Simple Interest

Question #3

A sum of Rs. 15432 amounts to Rs. 20061 in 3 years at simple interest. Rate is

A. 12%

B. 9%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 4629. R = (4629 * 100)/(15432 * 3) = 10%.

This question belongs to: Maths Simple Interest

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