At what rate percent will Rs. 3350 amount to Rs. 3618 in 2 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: D. 4%.
- A. 3%
Why not A: “3%” is not 4%.
- B. 6%
Why not B: “6%” is not 4%.
- C. 5%
Why not C: “5%” is not 4%.
- D. 4% ✓
Correct answer
D. 4%
Explanation
4% (option D) is the accepted answer to “At what rate percent will Rs. 3350 amount to Rs. 3618 in 2 years at simple interest”. Option A (3%) is a different value from 4%. Option B (6%) is a different value from 4%. Option C (5%) 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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