A principal amount grows to Rs. 1344 in two years under simple interest. What is the compound interest on the same principal, at the same interest rate, over the same duration?

Compound Interest MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

PPSCFPSCNTSPakistan govt jobs
Subject
Compound Interestmathematics-mcqs › compound-interest
Published
23 Sept 2019
Last updated
28 May 2026

Browse all Compound Interest MCQs

Choose the correct answer

Explanation

Since the final amount after two years under simple interest is given, the principal and rate are unknown. Without knowing either the principal or the interest rate, it is impossible to calculate the compound interest for the same period. Therefore, the data provided is insufficient to find the compound interest.

PakQuizHub — free MCQs and past papers for Pakistan government job tests. Content is for educational practice only.