Akbar borrowed 70,000 from a bank at 7% interest for 3 years. The amount of markup is?
- 16200
- 14700
- 15200
- None of these
Explanation
Calculating the Markup (Interest)
Interest = Principal × Rate × Time
= 70000 × 0.07 × 3
= 70000 × 0.21
= 14700
Related MCQs
- 20%
- 25%
- 30%
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
- 8.09%
- 9.09%
- 10%
- 12%
اس سوال کو وضاحت کے ساتھ پڑھیں
- 10%
- 20%
- 25%
- 30%
اس سوال کو وضاحت کے ساتھ پڑھیں
- Rs. 120
- Rs. 140
- Rs. 160
- Rs. 180
اس سوال کو وضاحت کے ساتھ پڑھیں
- Rs. 118
- Rs. 120
- Rs. 100
- None of above