The rate at which Rs. 513000 amounts to Rs. 666900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 513000 amounts to Rs. 666900 in 3 years is

A. 9%

B. 12%

C. 8%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 153900. R = (153900 × 100)/(513000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 324000 for 3 years at 12% per annum is

A. Rs. 116440

B. Rs. 116840

C. Rs. 117040

D. Rs. 116640

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Correct Answer: Option D

Explanation:
SI = (324000 × 12 × 3)/100 = 116640.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 207000 for 2 years at 12% per annum is

A. Rs. 49880

B. Rs. 49680

C. Rs. 50080

D. Rs. 49480

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Correct Answer: Option B

Explanation:
SI = (207000 × 12 × 2)/100 = 49680.

This question belongs to: Maths Simple Interest

Question #3

In how many years will Rs. 1521000 amount to Rs. 2129400 at 8% simple interest?

A. 4 years

B. 6 years

C. 5 years

D. 7 years

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Correct Answer: Option C

Explanation:
SI = 608400. T = (608400 × 100)/(1521000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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