At what rate percent will Rs. 7150 amount to Rs. 9152 in 4 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: C. 7%.
- A. 6%
Why not A: “6%” is not 7%.
- B. 8%
Why not B: “8%” is not 7%.
- C. 7% ✓
- D. 9%
Why not D: “9%” is not 7%.
Correct answer
C. 7%
Explanation
7% (option C) is the accepted answer to “At what rate percent will Rs. 7150 amount to Rs. 9152 in 4 years at simple interest”. Option A (6%) is a different value from 7%. Option B (8%) is a different value from 7%. Option D (9%) is a different value from 7%. Keep 7% 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. 8750 double itself at 12% simple interest per annum?
- At what rate percent will Rs. 10800 amount to Rs. 13500 in 5 years at simple interest?
- At what rate percent will Rs. 3800 amount to Rs. 4408 in 4 years at simple interest?
- In how many years will Rs. 8450 double itself at 4% simple interest per annum?
- Find the simple interest on Rs. 2800 for 2 years at 9% per annum.
- Find the simple interest on Rs. 14250 for 5 years at 7% per annum.