At what rate percent will Rs. 3150 amount to Rs. 3622 in 5 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: D. 3%.
- A. 5%
Why not A: “5%” is not 3%.
- B. 2%
Why not B: “2%” is not 3%.
- C. 4%
Why not C: “4%” is not 3%.
- D. 3% ✓
Correct answer
D. 3%
Explanation
3% (option D) is the accepted answer to “At what rate percent will Rs. 3150 amount to Rs. 3622 in 5 years at simple interest”. Option A (5%) is a different value from 3%. Option B (2%) is a different value from 3%. Option C (4%) is a different value from 3%. Keep 3% as the interest Mcqs fact for this stem.
Source: FPSC/NTS Generated Practice Set
Tags: FPSC, NTS, Interest
Submitted by: MCQsHub Editorial
Related MCQs
- At what rate percent will Rs. 7650 amount to Rs. 8798 in 5 years at simple interest?
- Find the simple interest on Rs. 15000 for 1 years at 4% per annum.
- Find the simple interest on Rs. 17050 for 1 years at 8% per annum.
- At what rate percent will Rs. 2050 amount to Rs. 3034 in 4 years at simple interest?
- In how many years will Rs. 9450 double itself at 5% simple interest per annum?
- In how many years will Rs. 7600 double itself at 4% simple interest per annum?