At what rate percent will Rs. 5950 amount to Rs. 8628 in 5 years at simple interest?
Difficulty: Medium
About this MCQ
This Medium interest Mcqs question asks: At what rate percent will Rs. 5950 amount to Rs. 8628 in 5 years at simple interest? The correct choice is C. 9%. Read the options below, commit to one, then use the explanation to see why that choice holds and why the others do not.
interest Mcqs items like this one are written for Pakistan exams such as CSS, FPSC, PPSC, and NTS. The difficulty label is a hint about how much of the topic the stem assumes, not a score. Tags and exam names, when they are present, tell you where else the same idea is tested. Previous and next links stay in interest Mcqs so you can continue the subject. Related questions point at nearby stems if you want another angle on the same idea.
Treat the explanation as part of the question, not a footnote. If you missed it, reread the stem against the correct option before you open the next interest Mcqs item. A timed quiz is the same pool with a clock and a score. A past paper is a full sitting rather than this single question.
- A. 7%
Why not A: “7%” is not 9%.
- B. 8%
Why not B: “8%” is not 9%.
- C. 9% ✓
- D. 11%
Why not D: “11%” is not 9%.
Correct answer
C. 9%
Explanation
9% (option C) is the accepted answer to “At what rate percent will Rs. 5950 amount to Rs. 8628 in 5 years at simple interest”. Option A (7%) is a different value from 9%. Option B (8%) is a different value from 9%. Option D (11%) 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. 7750 double itself at 5% simple interest per annum?
- Find the simple interest on Rs. 12500 for 4 years at 3% per annum.
- At what rate percent will Rs. 700 amount to Rs. 868 in 3 years at simple interest?
- At what rate percent will Rs. 9700 amount to Rs. 10670 in 2 years at simple interest?
- Find the simple interest on Rs. 1450 for 3 years at 3% per annum.
- In how many years will Rs. 7700 double itself at 4% simple interest per annum?