The rate at which Rs. 4248000 amounts to Rs. 5522400 in 3 years is MCQ with Answer and Explanation

The rate at which Rs. 4248000 amounts to Rs. 5522400 in 3 years is
A. 9%
B. 12%
C. 8%
D. 10%
Answer: Option D
Solution (By JKExamLibrary)
SI = 1274400. R = (1274400 × 100)/(4248000 × 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. 28000 amount to Rs. 39200 at 8% simple interest?
A. 7 years
B. 5 years
C. 6 years
D. 4 years

Correct Answer: Option B


Explanation:
SI = 11200. T = (11200 × 100)/(28000 × 8) = 5 years.

This question belongs to: Maths Simple Interest
Question #2 Report Error
The principal that gives Rs. 14364000 interest in 9 years at 35% SI is
A. Rs. 4551000
B. Rs. 4550000
C. Rs. 4549000
D. Rs. 4548000

Correct Answer: Option B


Explanation:
P = (14364000 × 100)/(35 × 9) = 4550000.

This question belongs to: Maths Simple Interest
Question #3 Report Error
In how many years will Rs. 387000 amount to Rs. 541800 at 8% simple interest?
A. 5 years
B. 4 years
C. 6 years
D. 7 years

Correct Answer: Option A


Explanation:
SI = 154800. T = (154800 × 100)/(387000 × 8) = 5 years.

This question belongs to: Maths Simple Interest