At what rate percent will Rs. 8050 amount to Rs. 10868 in 5 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: C. 7%.
- A. 8%
Why not A: “8%” is not 7%.
- B. 6%
Why not B: “6%” is not 7%.
- C. 7% ✓
- D. 5%
Why not D: “5%” is not 7%.
Correct answer
C. 7%
Explanation
7% (option C) is the accepted answer to “At what rate percent will Rs. 8050 amount to Rs. 10868 in 5 years at simple interest”. Option A (8%) is a different value from 7%. Option B (6%) is a different value from 7%. Option D (5%) 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. 6500 double itself at 5% simple interest per annum?
- Find the simple interest on Rs. 4500 for 2 years at 11% per annum.
- At what rate percent will Rs. 12000 amount to Rs. 18000 in 5 years at simple interest?
- At what rate percent will Rs. 7150 amount to Rs. 8866 in 2 years at simple interest?
- Find the simple interest on Rs. 13200 for 1 years at 8% per annum.
- In how many years will Rs. 9600 double itself at 5% simple interest per annum?