The rate at which Rs. 324000 amounts to Rs. 421200 in 3 years is MCQ with Answer and Explanation

Question Report Error

The rate at which Rs. 324000 amounts to Rs. 421200 in 3 years is

A. 9%

B. 12%

C. 8%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 97200. R = (97200 × 100)/(324000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Simple Interest Questions

Question #1 Report Error

Amount after 6 years on Rs. 25000 at 8% SI

A. Rs. 37000

B. Rs. 36000

C. Rs. 35000

D. Rs. 38000

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
SI = 12000. Amount = 37000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The principal that gives Rs. 13219200 interest in 9 years at 34% SI is

A. Rs. 4320000

B. Rs. 4319000

C. Rs. 4318000

D. Rs. 4321000

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
P = (13219200 × 100)/(34 × 9) = 4320000.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Rate when Rs. 399000 amounts to Rs. 518700 in 3 years

A. 12%

B. 9%

C. 8%

D. 10%

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
SI = 119700. R = (119700 * 100)/(399000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Explore All Simple Interest MCQs