At what rate percent will Rs. 10000 amount to Rs. 11000 in 2 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: A. 5%.
- A. 5% ✓
- B. 4%
Why not B: “4%” is not 5%.
- C. 7%
Why not C: “7%” is not 5%.
- D. 6%
Why not D: “6%” is not 5%.
Correct answer
A. 5%
Explanation
5% (option A) is the accepted answer to “At what rate percent will Rs. 10000 amount to Rs. 11000 in 2 years at simple interest”. Option B (4%) is a different value from 5%. Option C (7%) is a different value from 5%. Option D (6%) is a different value from 5%. Keep 5% as the interest Mcqs fact for this stem.
Source: FPSC/NTS Generated Practice Set
Tags: FPSC, NTS, Interest
Submitted by: MCQsHub Editorial
Related MCQs
- In how many years will Rs. 2050 double itself at 10% simple interest per annum?
- Find the simple interest on Rs. 4900 for 4 years at 6% per annum.
- At what rate percent will Rs. 5550 amount to Rs. 6216 in 4 years at simple interest?
- At what rate percent will Rs. 8900 amount to Rs. 11036 in 3 years at simple interest?
- Find the simple interest on Rs. 5150 for 1 years at 12% per annum.
- In how many years will Rs. 5300 double itself at 10% simple interest per annum?