# A P 1,000,000 issue of 3%, 15-year bond was sold at 95%. What is the rate of interest of this investment ? with Answer - Civil Engineering Mcqs | TestPrep

> Solved MCQ: A P 1,000,000 issue of 3%, 15-year bond was sold at 95%. What is the rate of interest of this investment ? Correct Answer: A. 3.0%. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# A P 1,000,000 issue of 3%, 15-year bond was sold at 95%. What is the rate of interest of this investment ?

Direct Answer & Quick Reference

The correct option is **A. 3.0%**.

A. 3.0% **(Correct Answer)**

B. 3.4%

C. 3.7%

D. 4.0%

✨ Explain with AI

Verified Key: A. 3.0%
Solved by 4,991+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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