The rate at which Rs. 4383000 amounts to Rs. 5697900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 4383000 amounts to Rs. 5697900 in 3 years is

A. 9%

B. 8%

C. 12%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 1314900. R = (1314900 × 100)/(4383000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 945000 for 2 years at 32% per annum is

A. Rs. 605200

B. Rs. 604800

C. Rs. 605000

D. Rs. 604600

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Correct Answer: Option B

Explanation:
SI = (945000 × 32 × 2)/100 = 604800.

This question belongs to: Maths Simple Interest

Question #2

The principal that gives Rs. 1512000 interest in 9 years at 14% SI is

A. Rs. 1201000

B. Rs. 1200000

C. Rs. 1199000

D. Rs. 1198000

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Correct Answer: Option B

Explanation:
P = (1512000 × 100)/(14 × 9) = 1200000.

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Question #3

The principal that gives Rs. 16800 interest in 4 years at 7% SI is

A. Rs. 58000

B. Rs. 61000

C. Rs. 59000

D. Rs. 60000

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Correct Answer: Option D

Explanation:
P = (16800 × 100)/(7 × 4) = 60000.

This question belongs to: Maths Simple Interest

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