At what rate percent will Rs. 8250 amount to Rs. 12210 in 4 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: C. 12%.
- A. 13%
Why not A: “13%” is not 12%.
- B. 11%
Why not B: “11%” is not 12%.
- C. 12% ✓
- D. 14%
Why not D: “14%” is not 12%.
Correct answer
C. 12%
Explanation
12% (option C) is the accepted answer to “At what rate percent will Rs. 8250 amount to Rs. 12210 in 4 years at simple interest”. Option A (13%) is a different value from 12%. Option B (11%) is a different value from 12%. Option D (14%) 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
Related MCQs
- In how many years will Rs. 1700 double itself at 4% simple interest per annum?
- Find the simple interest on Rs. 6000 for 3 years at 9% per annum.
- At what rate percent will Rs. 7100 amount to Rs. 7526 in 2 years at simple interest?
- At what rate percent will Rs. 10200 amount to Rs. 13872 in 4 years at simple interest?
- Find the simple interest on Rs. 3800 for 6 years at 12% per annum.
- In how many years will Rs. 6000 double itself at 8% simple interest per annum?