At what rate percent will Rs. 14300 amount to Rs. 18590 in 5 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: C. 6%.
- A. 8%
Why not A: “8%” is not 6%.
- B. 5%
Why not B: “5%” is not 6%.
- C. 6% ✓
- D. 7%
Why not D: “7%” is not 6%.
Correct answer
C. 6%
Explanation
6% (option C) is the accepted answer to “At what rate percent will Rs. 14300 amount to Rs. 18590 in 5 years at simple interest”. Option A (8%) is a different value from 6%. Option B (5%) is a different value from 6%. Option D (7%) 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
Related MCQs
- In how many years will Rs. 9300 double itself at 8% simple interest per annum?
- At what rate percent will Rs. 3350 amount to Rs. 3652 in 3 years at simple interest?
- At what rate percent will Rs. 13450 amount to Rs. 16812 in 5 years at simple interest?
- In how many years will Rs. 2550 double itself at 10% simple interest per annum?
- Find the simple interest on Rs. 14950 for 3 years at 8% per annum.
- Find the simple interest on Rs. 5000 for 3 years at 2% per annum.