The rate at which Rs. 423000 amounts to Rs. 549900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 423000 amounts to Rs. 549900 in 3 years is

A. 9%

B. 8%

C. 10%

D. 12%

Answer: Option C

Solution (By JKExamLibrary)

SI = 126900. R = (126900 × 100)/(423000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

In how many years will Rs. 396000 amount to Rs. 554400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 158400. T = (158400 × 100)/(396000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2 Report Error

In how many years will Rs. 4221000 amount to Rs. 5909400 at 8% simple interest?

A. 5 years

B. 7 years

C. 4 years

D. 6 years

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Correct Answer: Option A

Explanation:
SI = 1688400. T = (1688400 × 100)/(4221000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #3 Report Error

SI on Rs. 171500 for 5 years at 4%

A. Rs. 34500

B. Rs. 34300

C. Rs. 34700

D. Rs. 34100

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Correct Answer: Option B

Explanation:
SI = (171500 * 4 * 5)/100 = 34300.

This question belongs to: Maths Simple Interest

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