The rate at which Rs. 2403000 amounts to Rs. 3123900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2403000 amounts to Rs. 3123900 in 3 years is

A. 10%

B. 12%

C. 9%

D. 8%

Answer: Option A

Solution (By JKExamLibrary)

SI = 720900. R = (720900 × 100)/(2403000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

A sum amounts to Rs. 141120 in 6 years at 8% SI. Principal

A. Rs. 97000

B. Rs. 98000

C. Rs. 96000

D. Rs. 99000

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Correct Answer: Option B

Explanation:
SI = 43120. P = 141120 - 43120 = 98000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum of Rs. 4320000 amounts to Rs. 6048000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1728000. R = (1728000 × 100)/(4320000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 3366000 amount to Rs. 4712400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 1346400. T = (1346400 × 100)/(3366000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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