At what rate percent will Rs. 8700 amount to Rs. 10440 in 2 years at simple interest?
Difficulty: Medium
About this MCQ
Medium interest Mcqs item. Correct choice: C. 10%.
- A. 11%
Why not A: “11%” is not 10%.
- B. 9%
Why not B: “9%” is not 10%.
- C. 10% ✓
- D. 12%
Why not D: “12%” is not 10%.
Correct answer
C. 10%
Explanation
10% (option C) is the accepted answer to “At what rate percent will Rs. 8700 amount to Rs. 10440 in 2 years at simple interest”. Option A (11%) is a different value from 10%. Option B (9%) is a different value from 10%. Option D (12%) is a different value from 10%. Keep 10% 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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