The rate at which Rs. 2673000 amounts to Rs. 3474900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2673000 amounts to Rs. 3474900 in 3 years is

A. 12%

B. 8%

C. 10%

D. 9%

Answer: Option C

Solution (By JKExamLibrary)

SI = 802000 approx adjusted 10%.

This question belongs to: Maths Simple Interest

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Question #1

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The principal that gives Rs. 151200 interest in 6 years at 7% SI is

A. Rs. 360000

B. Rs. 358000

C. Rs. 361000

D. Rs. 359000

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Correct Answer: Option A

Explanation:
P = (151200 × 100)/(7 × 6) = 360000.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 2646000 amount to Rs. 3704400 at 8% simple interest?

A. 5 years

B. 4 years

C. 7 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 1058400. T = (1058400 × 100)/(2646000 × 8) = 5 years.

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Question #3

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At what rate percent per annum will a sum of Rs. 7500 amount to Rs. 9000 in 4 years?

A. 4%

B. 8%

C. 6%

D. 5%

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Correct Answer: Option D

Explanation:
SI = 1500. R = (1500 × 100)/(7500 × 4) = 5%.

This question belongs to: Maths Simple Interest

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