At what rate percent will Rs. 6050 amount to Rs. 8954 in 4 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: A. 12%.
- A. 12% ✓
- B. 13%
Why not B: “13%” is not 12%.
- C. 9%
Why not C: “9%” is not 12%.
- D. 15%
Why not D: “15%” is not 12%.
Correct answer
A. 12%
Explanation
12% (option A) is the accepted answer to “At what rate percent will Rs. 6050 amount to Rs. 8954 in 4 years at simple interest”. Option B (13%) is a different value from 12%. Option C (9%) is a different value from 12%. Option D (15%) is a different value from 12%. Keep 12% 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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