The rate at which Rs. 3168000 amounts to Rs. 4118400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3168000 amounts to Rs. 4118400 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

Answer: Option C

Solution (By JKExamLibrary)

SI = 950400. R = (950400 × 100)/(3168000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

The principal that gives Rs. 529200 interest in 8 years at 9% SI is

A. Rs. 734000

B. Rs. 733000

C. Rs. 736000

D. Rs. 735000

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Correct Answer: Option D

Explanation:
P = (529200 × 100)/(9 × 8) = 735000.

This question belongs to: Maths Simple Interest

Question #2

The simple interest on a certain sum for 4 years at 8% is Rs. 640. The principal is

A. Rs. 1800

B. Rs. 2500

C. Rs. 2200

D. Rs. 2000

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Correct Answer: Option D

Explanation:
P = (640 × 100)/(8 × 4) = 2000.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 2133000 amounts to Rs. 2772900 in 3 years is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 639900. R = (639900 × 100)/(2133000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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