The rate at which Rs. 603000 amounts to Rs. 783900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 603000 amounts to Rs. 783900 in 3 years is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKExamLibrary)

SI = 180900. R = (180900 × 100)/(603000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 1737000 for 2 years at 46% per annum is

A. Rs. 1597840

B. Rs. 1598440

C. Rs. 1598240

D. Rs. 1598040

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Correct Answer: Option D

Explanation:
SI = (1737000 × 46 × 2)/100 = 1598040.

This question belongs to: Maths Simple Interest

Question #2

A sum at 9% SI for 5 years amounts to Rs. 126000. Principal

A. Rs. 82000

B. Rs. 85000

C. Rs. 84000

D. Rs. 83000

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Correct Answer: Option C

Explanation:
SI = 42000. P = 126000 - 42000 = 84000.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 94500 for 2 years at 13%

A. Rs. 24570

B. Rs. 24370

C. Rs. 24970

D. Rs. 24770

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Correct Answer: Option A

Explanation:
SI = (94500 * 13 * 2)/100 = 24570.

This question belongs to: Maths Simple Interest

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