At what rate percent will Rs. 2050 amount to Rs. 3034 in 4 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: A. 12%.
- A. 12% ✓
- B. 11%
Why not B: “11%” is not 12%.
- C. 14%
Why not C: “14%” is not 12%.
- D. 13%
Why not D: “13%” is not 12%.
Correct answer
A. 12%
Explanation
12% (option A) is the accepted answer to “At what rate percent will Rs. 2050 amount to Rs. 3034 in 4 years at simple interest”. Option B (11%) is a different value from 12%. Option C (14%) is a different value from 12%. Option D (13%) is a different value from 12%. Keep 12% 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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