The rate at which Rs. 3303000 amounts to Rs. 4293900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3303000 amounts to Rs. 4293900 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

Answer: Option B

Solution (By JKExamLibrary)

SI = 990900. R = (990900 × 100)/(3303000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

A sum of Rs. 1575000 amounts to Rs. 2205000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 630000. R = (630000 × 100)/(1575000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 3222000 for 2 years at 79% per annum is

A. Rs. 5090960

B. Rs. 5091160

C. Rs. 5090560

D. Rs. 5090760

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Correct Answer: Option D

Explanation:
SI = (3222000 × 79 × 2)/100 = 5090760.

This question belongs to: Maths Simple Interest

Question #3

Principal for Rs. 403200 interest in 9 years at 8%

A. Rs. 558000

B. Rs. 561000

C. Rs. 560000

D. Rs. 559000

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Correct Answer: Option C

Explanation:
P = (403200 * 100)/(8 * 9) = 560000.

This question belongs to: Maths Simple Interest

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