All Subjects Topic Wise MCQs
PPSC Papers (All Departments)
OTHERS Past Papers FPSC, NTS etc.
A man lends Rs.60,000 from a bank at a rate of 9% per year. What is the principle amount and interest he will return after 3 years?

A man lends Rs.60,000 from a bank at a rate of 9% per year. What is the principle amount and interest he will return after 3 years?

  • (A) Rs.16,200
  • (B) Rs.76,200
  • (C) Rs.70,200
  • (D) Rs.80,000
  • Solution: Rate = 9% per year and time = 3 years
  • So the total rate over 3 years is: 9% × 3 = 27%
  • Now find 27% of 60,000:
  • 27/100 × 60000 = 16200 )
  • Add this to the principal:
  • 60000 + 16200 = 76200
  • So, the correct answer is (B) Rs. 76,200.
Facebook
WhatsApp
Related MCQs:

 ‘NATO’ is an abbreviation of:

March 18, 2026 No Comments
  • (A) North Atlantic Treaty Organization
  • (B) Non-Aligned Treaty Organization
  • (C) Non-Aligned Trading Organization
  • (D) North American Transport Organization

You May Like

Comment

All Subjects

PPSC PAST PAPERS

PPSC

SPSC PAST PAPERS

FPSC PAST PAPERS

KKPSC PAST PAPERS

You cannot copy content of this page

Scroll to Top