engineering intelligence MCQ #102

A person invests 5000 rupees at a 10% annual interest rate. How much interest will they earn in 2 years?

engineering intelligence MCQ #102

  1. Question 1

    Q1. A person invests 5000 rupees at a 10% annual interest rate. How much interest will they earn in 2 years?

    • A) 1000 rupees
    • B) 1200 rupees
    • C) 900 rupees
    • D) 1100 rupees

    Answer: 1000 rupees

    Explanation: Simple interest = principal * rate * time = 5000 * 0.1 * 2 = 1000.