The rate at which Rs. 396000 amounts to Rs. 514800 in 3 years is MCQ with Answer and Explanation

Question Report Error

The rate at which Rs. 396000 amounts to Rs. 514800 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

Answer: Option C

Solution (By JKExamLibrary)

SI = 118800. R = (118800 × 100)/(396000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

The principal that gives Rs. 2646000 interest in 8 years at 17% SI is

A. Rs. 1942500

B. Rs. 1940500

C. Rs. 1941500

D. Rs. 1943500

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Correct Answer: Option A

Explanation:
P = (2646000 × 100)/(17 × 8) = 1942500.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Simple interest on Rs. 122500 for 2 years at 13%

A. Rs. 32250

B. Rs. 32050

C. Rs. 31650

D. Rs. 31850

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Correct Answer: Option D

Explanation:
SI = (122500 * 13 * 2)/100 = 31850.

This question belongs to: Maths Simple Interest

Question #3 Report Error

Simple interest on Rs. 105000 for 2 years at 6% per annum is

A. Rs. 13000

B. Rs. 12600

C. Rs. 12800

D. Rs. 12400

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Correct Answer: Option B

Explanation:
SI = (105000 × 6 × 2)/100 = 12600.

This question belongs to: Maths Simple Interest

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