At what rate percent will Rs. 2950 amount to Rs. 3392 in 3 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: D. 5%.
- A. 6%
Why not A: “6%” is not 5%.
- B. 7%
Why not B: “7%” is not 5%.
- C. 4%
Why not C: “4%” is not 5%.
- D. 5% ✓
Correct answer
D. 5%
Explanation
5% (option D) is the accepted answer to “At what rate percent will Rs. 2950 amount to Rs. 3392 in 3 years at simple interest”. Option A (6%) is a different value from 5%. Option B (7%) is a different value from 5%. Option C (4%) is a different value from 5%. Keep 5% 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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