At what rate percent will Rs. 10600 amount to Rs. 12508 in 2 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: B. 9%.
- A. 10%
Why not A: “10%” is not 9%.
- B. 9% ✓
- C. 11%
Why not C: “11%” is not 9%.
- D. 7%
Why not D: “7%” is not 9%.
Correct answer
B. 9%
Explanation
9% (option B) is the accepted answer to “At what rate percent will Rs. 10600 amount to Rs. 12508 in 2 years at simple interest”. Option A (10%) is a different value from 9%. Option C (11%) is a different value from 9%. Option D (7%) is a different value from 9%. Keep 9% as the interest Mcqs fact for this stem.
Source: FPSC/NTS Generated Practice Set
Tags: FPSC, NTS, Interest
Submitted by: MCQsHub Editorial
Related MCQs
- At what rate percent will Rs. 1400 amount to Rs. 1652 in 3 years at simple interest?
- Find the simple interest on Rs. 10250 for 5 years at 12% per annum.
- Find the simple interest on Rs. 3500 for 3 years at 9% per annum.
- At what rate percent will Rs. 4900 amount to Rs. 5635 in 3 years at simple interest?
- In how many years will Rs. 4900 double itself at 8% simple interest per annum?
- In how many years will Rs. 4950 double itself at 12% simple interest per annum?