At what rate percent will Rs. 2050 amount to Rs. 2972 in 5 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: C. 9%.
- A. 8%
Why not A: “8%” is not 9%.
- B. 7%
Why not B: “7%” is not 9%.
- C. 9% ✓
- D. 11%
Why not D: “11%” is not 9%.
Correct answer
C. 9%
Explanation
9% (option C) is the accepted answer to “At what rate percent will Rs. 2050 amount to Rs. 2972 in 5 years at simple interest”. Option A (8%) is a different value from 9%. Option B (7%) is a different value from 9%. Option D (11%) 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
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