At what rate percent will Rs. 8600 amount to Rs. 12040 in 5 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: D. 8%.
- A. 10%
Why not A: “10%” is not 8%.
- B. 7%
Why not B: “7%” is not 8%.
- C. 9%
Why not C: “9%” is not 8%.
- D. 8% ✓
Correct answer
D. 8%
Explanation
8% (option D) is the accepted answer to “At what rate percent will Rs. 8600 amount to Rs. 12040 in 5 years at simple interest”. Option A (10%) is a different value from 8%. Option B (7%) is a different value from 8%. Option C (9%) is a different value from 8%. Keep 8% 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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