engineering intelligence MCQ #221

A person invests 1000 at a 5% annual interest rate. What is the interest earned in 1 year?

engineering intelligence MCQ #221

  1. Question 1

    Q1. A person invests 1000 at a 5% annual interest rate. What is the interest earned in 1 year?

    • A) 50
    • B) 40
    • C) 60
    • D) 30

    Answer: 50

    Explanation: Interest = Principal * Rate = 1000 * 0.05 = 50. NET aptitude items reward fast recognition of the underlying pattern.