At what rate percent will Rs. 2700 amount to Rs. 3429 in 3 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: A. 9%.
- A. 9% ✓
- B. 11%
Why not B: “11%” is not 9%.
- C. 7%
Why not C: “7%” is not 9%.
- D. 8%
Why not D: “8%” is not 9%.
Correct answer
A. 9%
Explanation
9% (option A) is the accepted answer to “At what rate percent will Rs. 2700 amount to Rs. 3429 in 3 years at simple interest”. Option B (11%) is a different value from 9%. Option C (7%) is a different value from 9%. Option D (8%) 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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