At what rate percent will Rs. 7150 amount to Rs. 8866 in 2 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: C. 12%.
- A. 14%
Why not A: “14%” is not 12%.
- B. 9%
Why not B: “9%” is not 12%.
- C. 12% ✓
- D. 13%
Why not D: “13%” is not 12%.
Correct answer
C. 12%
Explanation
12% (option C) is the accepted answer to “At what rate percent will Rs. 7150 amount to Rs. 8866 in 2 years at simple interest”. Option A (14%) is a different value from 12%. Option B (9%) is a different value from 12%. Option D (13%) 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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