At what rate percent will Rs. 3050 amount to Rs. 3538 in 4 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: A. 4%.
- A. 4% ✓
- B. 5%
Why not B: “5%” is not 4%.
- C. 6%
Why not C: “6%” is not 4%.
- D. 3%
Why not D: “3%” is not 4%.
Correct answer
A. 4%
Explanation
4% (option A) is the accepted answer to “At what rate percent will Rs. 3050 amount to Rs. 3538 in 4 years at simple interest”. Option B (5%) is a different value from 4%. Option C (6%) is a different value from 4%. Option D (3%) is a different value from 4%. Keep 4% 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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