The rate at which Rs. 3708000 amounts to Rs. 4820400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3708000 amounts to Rs. 4820400 in 3 years is

A. 12%

B. 8%

C. 9%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 1112400. R = (1112400 × 100)/(3708000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 225000 for 2 years at 12% per annum is

A. Rs. 54000

B. Rs. 54200

C. Rs. 53800

D. Rs. 54400

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Correct Answer: Option A

Explanation:
SI = (225000 × 12 × 2)/100 = 54000.

This question belongs to: Maths Simple Interest

Question #2

The rate at which Rs. 873000 amounts to Rs. 1134900 in 3 years is

A. 9%

B. 12%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 261900. R = (261900 × 100)/(873000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

The rate at which Rs. 3573000 amounts to Rs. 4644900 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 1071900. R = (1071900 × 100)/(3573000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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