At what rate percent will Rs. 3000 amount to Rs. 3960 in 4 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: A. 8%.
- A. 8% ✓
- B. 6%
Why not B: “6%” is not 8%.
- C. 7%
Why not C: “7%” is not 8%.
- D. 9%
Why not D: “9%” is not 8%.
Correct answer
A. 8%
Explanation
8% (option A) is the accepted answer to “At what rate percent will Rs. 3000 amount to Rs. 3960 in 4 years at simple interest”. Option B (6%) is a different value from 8%. Option C (7%) is a different value from 8%. Option D (9%) is a different value from 8%. Keep 8% 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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