alleryWhich is determined entirely using percent?
AInsurance of debt
BInterest on debt
CInterval of debt
DInventory of debt
Answer & Solution
Correct answer: B. Interest on debt
1. Interest earned on investments is another example.
2. So are taxes.
3. Interest paid on debt is determined using percent.
_Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_
Keep practising Percentage
Browse all Percentage questions for IBPS Clerk, or explore more Quantitative Aptitude topics.
Related questions
Percent discounts and percent increases are examples of percent:A 2,500 rupee item at 10 per cent off costs:A 500 rupee item marked up 40 per cent retails at:A 1,200 rupee item at 25 per cent off costs:What is 15 per cent of 4,000 rupees?What is 20 per cent of 850 rupees?Markup differs from discount in that markup is:The price a retailer charges the consumer is the: