The rate at which Rs. 4023000 amounts to Rs. 5229900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 4023000 amounts to Rs. 5229900 in 3 years is

A. 8%

B. 9%

C. 10%

D. 12%

Answer: Option C

Solution (By JKExamLibrary)

SI = 1206900. R = (1206900 × 100)/(4023000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1 Report Error

The rate at which Rs. 306000 amounts to Rs. 397800 in 3 years is

A. 8%

B. 12%

C. 10%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 91800. R = (91800 × 100)/(306000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2 Report Error

Rate for Rs. 245000 to Rs. 318500 in 3 years SI

A. 9%

B. 10%

C. 8%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 73500. R = (73500 * 100)/(245000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

SI on Rs. 31500 for 4 years at 7%

A. Rs. 9220

B. Rs. 8620

C. Rs. 9020

D. Rs. 8820

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Correct Answer: Option D

Explanation:
SI = (31500 * 7 * 4)/100 = 8820.

This question belongs to: Maths Simple Interest

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