The rate at which Rs. 648000 amounts to Rs. 842400 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 648000 amounts to Rs. 842400 in 3 years is

A. 8%

B. 9%

C. 12%

D. 10%

Answer: Option D

Solution (By JKExamLibrary)

SI = 194400. R = (194400 × 100)/(648000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

Rate for Rs. 42000 to Rs. 54600 in 3 years SI

A. 9%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 12600. R = (12600 * 100)/(42000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #2

Simple interest on Rs. 1062000 for 2 years at 31% per annum is

A. Rs. 658440

B. Rs. 658240

C. Rs. 658840

D. Rs. 658640

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Correct Answer: Option A

Explanation:
SI = (1062000 × 31 × 2)/100 = 658440.

This question belongs to: Maths Simple Interest

Question #3

Simple interest on Rs. 225000 for 2 years at 12% per annum is

A. Rs. 53800

B. Rs. 54000

C. Rs. 54400

D. Rs. 54200

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Correct Answer: Option B

Explanation:
SI = (225000 × 12 × 2)/100 = 54000.

This question belongs to: Maths Simple Interest

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