# You just won a prize, you can either receive Rs. 1000 today or Rs. 1,050 in one year. Which option do you prefer and why if you can earn 5 percent on your money? with Answer - Finance Mcqs | TestPrep

> Solved MCQ: You just won a prize, you can either receive Rs. 1000 today or Rs. 1,050 in one year. Which option do you prefer and why if you can earn 5 percent on your money? Correct Answer: D. Either because both options are of equal value. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# You just won a prize, you can either receive Rs. 1000 today or Rs. 1,050 in one year. Which option do you prefer and why if you can earn 5 percent on your money?

Direct Answer & Quick Reference

The correct option is **D. Either because both options are of equal value**.

A. Rs. 1,000 because it has the higher future value

B. Rs. 1,000 because you receive it sooner

C. Rs. 1,050 because it is more money

D. Either because both options are of equal value **(Correct Answer)**

✨ Explain with AI

Verified Key: D. Either because both options are of equal value
Solved by 5,612+ students

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

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*Source: https://test-prep.blog/mcq/you-just-won-a-prize-you-can-either-receive-rs-1000-today-or-rs-1050-in-one-year-25dfbf64-e4ce-4985-9d49-3f0c505eb488*
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