Can a percent be greater than 100?
AYes, it can
BNo, it cannot
COnly for loans
DOnly for taxes
Answer & Solution
Correct answer: A. Yes, it can
1. A percent need not even be a whole number.
2. There is no ceiling on the value.
3. It can be greater than 100.
_Source: OpenStax 'Contemporary Mathematics', Ch 6 'Money Management' (CC BY)_
Keep practising Simple Interest
Browse all Simple Interest questions for IBPS Clerk, or explore more Quantitative Aptitude topics.