At what rate percent will Rs. 12400 amount to Rs. 16120 in 5 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: A. 6%.
- A. 6% ✓
- B. 7%
Why not B: “7%” is not 6%.
- C. 8%
Why not C: “8%” is not 6%.
- D. 5%
Why not D: “5%” is not 6%.
Correct answer
A. 6%
Explanation
6% (option A) is the accepted answer to “At what rate percent will Rs. 12400 amount to Rs. 16120 in 5 years at simple interest”. Option B (7%) is a different value from 6%. Option C (8%) is a different value from 6%. Option D (5%) is a different value from 6%. Keep 6% as the interest Mcqs fact for this stem.
Source: FPSC/NTS Generated Practice Set
Tags: FPSC, NTS, Interest
Submitted by: MCQsHub Editorial
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