At what rate percent will Rs. 5950 amount to Rs. 8092 in 4 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: B. 9%.
- A. 7%
Why not A: “7%” is not 9%.
- B. 9% ✓
- C. 10%
Why not C: “10%” is not 9%.
- D. 8%
Why not D: “8%” is not 9%.
Correct answer
B. 9%
Explanation
9% (option B) is the accepted answer to “At what rate percent will Rs. 5950 amount to Rs. 8092 in 4 years at simple interest”. Option A (7%) is a different value from 9%. Option C (10%) is a different value from 9%. Option D (8%) is a different value from 9%. Keep 9% as the interest Mcqs fact for this stem.
Source: FPSC/NTS Generated Practice Set
Tags: FPSC, NTS, Interest
Submitted by: MCQsHub Editorial
Related MCQs
- In how many years will Rs. 6700 double itself at 5% simple interest per annum?
- Find the simple interest on Rs. 550 for 6 years at 2% per annum.
- At what rate percent will Rs. 5550 amount to Rs. 6549 in 3 years at simple interest?
- At what rate percent will Rs. 8200 amount to Rs. 9512 in 4 years at simple interest?
- Find the simple interest on Rs. 18200 for 2 years at 10% per annum.
- In how many years will Rs. 3300 double itself at 10% simple interest per annum?