The rate at which Rs. 45000 amounts to Rs. 58500 in 3 years is MCQ with Answer and Explanation

The rate at which Rs. 45000 amounts to Rs. 58500 in 3 years is
A. 9%
B. 12%
C. 10%
D. 8%
Answer: Option C
Solution (By JKExamLibrary)
SI = 13500. R = (13500 × 100)/(45000 × 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. 2556000 amount to Rs. 3578400 at 8% simple interest?
A. 5 years
B. 7 years
C. 6 years
D. 4 years

Correct Answer: Option A


Explanation:
SI = 1022400. T = (1022400 × 100)/(2556000 × 8) = 5 years.

This question belongs to: Maths Simple Interest
Question #2 Report Error
In how many years will Rs. 5000 amount to Rs. 6500 at 6% simple interest per annum?
A. 6 years
B. 3 years
C. 4 years
D. 5 years

Correct Answer: Option D


Explanation:
SI = 1500. T = (1500 × 100)/(5000 × 6) = 5 years.

This question belongs to: Maths Simple Interest
Question #3 Report Error
The rate at which Rs. 3483000 amounts to Rs. 4527900 in 3 years is
A. 12%
B. 9%
C. 10%
D. 8%

Correct Answer: Option C


Explanation:
SI = 1044900. R = (1044900 × 100)/(3483000 × 3) = 10%.

This question belongs to: Maths Simple Interest