The rate at which Rs. 3618000 amounts to Rs. 4703400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3618000 amounts to Rs. 4703400 in 3 years is

A. 9%

B. 8%

C. 10%

D. 12%

Answer: Option C

Solution (By JKExamLibrary)

SI = 1085400. R = (1085400 × 100)/(3618000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Simple interest on Rs. 4347000 for 2 years at 102% per annum is

A. Rs. 8867880

B. Rs. 8868280

C. Rs. 8867680

D. Rs. 8868080

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Correct Answer: Option A

Explanation:
SI = (4347000 × 102 × 2)/100 = 8867880.

This question belongs to: Maths Simple Interest

Question #2 Report Error

A sum of Rs. 810000 amounts to Rs. 1134000 in 4 years at simple interest. The rate is

A. 12%

B. 8%

C. 10%

D. 9%

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
SI = 324000. R = (324000 × 100)/(810000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

A sum at 17% SI for 4 years amounts to Rs. 392000. Principal

A. Rs. 210000

B. Rs. 209000

C. Rs. 211000

D. Rs. 208000

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Correct Answer: Option A

Explanation:
SI = 182000. P = 392000 - 182000 = 210000.

This question belongs to: Maths Simple Interest

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