The rate at which Rs. 2898000 amounts to Rs. 3767400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2898000 amounts to Rs. 3767400 in 3 years is

A. 9%

B. 8%

C. 12%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 869400. R = (869400 × 100)/(2898000 × 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. 3042000 for 2 years at 75% per annum is

A. Rs. 4563200

B. Rs. 4563400

C. Rs. 4563000

D. Rs. 4562800

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Correct Answer: Option C

Explanation:
SI = (3042000 × 75 × 2)/100 = 4563000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum at 13% SI for 4 years amounts to Rs. 210000. Principal

A. Rs. 138000

B. Rs. 139000

C. Rs. 140000

D. Rs. 141000

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
SI = 70000. P = 210000 - 70000 = 140000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The principal that gives Rs. 15292800 interest in 8 years at 42% SI is

A. Rs. 4549000

B. Rs. 4548000

C. Rs. 4550000

D. Rs. 4551000

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
P = (15292800 × 100)/(42 × 8) = 4550000.

This question belongs to: Maths Simple Interest

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