# Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest? with Answer - Civil Engineering Mcqs | TestPrep

> Solved MCQ: Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest? Correct Answer: D. 10.29 %. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest?

Direct Answer & Quick Reference

The correct option is **D. 10.29 %**.

A. 12.19 %

B. 12.03 %

C. 11.54 %

D. 10.29 % **(Correct Answer)**

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Verified Key: D. 10.29 %
Solved by 1,294+ students

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

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