The rate at which Rs. 3438000 amounts to Rs. 4469400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3438000 amounts to Rs. 4469400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

Answer: Option B

Solution (By JKExamLibrary)

SI = 1031400. R = (1031400 × 100)/(3438000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Rate when Rs. 38000 amounts to Rs. 49400 in 3 years

A. 12%

B. 10%

C. 8%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 11400. R = (11400 * 100)/(38000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 3960000 amounts to Rs. 5544000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 1584000. R = (1584000 × 100)/(3960000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 262500 for 3 years at 20%

A. Rs. 157500

B. Rs. 157700

C. Rs. 157300

D. Rs. 157900

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Correct Answer: Option A

Explanation:
SI = (262500 * 20 * 3)/100 = 157500.

This question belongs to: Maths Simple Interest

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