The rate at which Rs. 3888000 amounts to Rs. 5054400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 3888000 amounts to Rs. 5054400 in 3 years is

A. 12%

B. 10%

C. 8%

D. 9%

Answer: Option B

Solution (By JKExamLibrary)

SI = 1166400. R = (1166400 × 100)/(3888000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

A sum of Rs. 2835000 amounts to Rs. 3969000 in 4 years at simple interest. The rate is

A. 9%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1134000. R = (1134000 × 100)/(2835000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 2277000 for 2 years at 58% per annum is

A. Rs. 2641520

B. Rs. 2641320

C. Rs. 2641720

D. Rs. 2641120

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Correct Answer: Option B

Explanation:
SI = (2277000 × 58 × 2)/100 = 2641320.

This question belongs to: Maths Simple Interest

Question #3 Report Error

In how many years will Rs. 639000 amount to Rs. 894600 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 255600. T = (255600 × 100)/(639000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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