The rate at which Rs. 2943000 amounts to Rs. 3825900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 2943000 amounts to Rs. 3825900 in 3 years is

A. 12%

B. 8%

C. 9%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 882900. R = (882900 × 100)/(2943000 × 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. 95760 in 5 years at 8% SI. Principal

A. Rs. 61000

B. Rs. 62000

C. Rs. 63000

D. Rs. 64000

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Correct Answer: Option C

Explanation:
SI = 32760. P = 95760 - 32760 = 63000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The principal giving Rs. 369600 SI in 8 years at 11%

A. Rs. 418000

B. Rs. 420000

C. Rs. 419000

D. Rs. 421000

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Correct Answer: Option B

Explanation:
P = (369600 * 100)/(11 * 8) = 420000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 567000 amount to Rs. 793800 at 8% simple interest?

A. 4 years

B. 7 years

C. 5 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 226800. T = (226800 × 100)/(567000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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