At what rate percent will Rs. 14700 amount to Rs. 16464 in 2 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: C. 6%.
- A. 5%
Why not A: “5%” is not 6%.
- B. 7%
Why not B: “7%” is not 6%.
- C. 6% ✓
- D. 8%
Why not D: “8%” is not 6%.
Correct answer
C. 6%
Explanation
6% (option C) is the accepted answer to “At what rate percent will Rs. 14700 amount to Rs. 16464 in 2 years at simple interest”. Option A (5%) is a different value from 6%. Option B (7%) is a different value from 6%. Option D (8%) 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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