Find the simple interest on Rs. 1000 for 3 years at 12% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: B. Rs. 360.
- A. Rs. 340
Why not A: “Rs. 340” is not Rs. 360.
- B. Rs. 360 ✓
- C. Rs. 288
Why not C: “Rs. 288” is not Rs. 360.
- D. Rs. 422
Why not D: “Rs. 422” is not Rs. 360.
Correct answer
B. Rs. 360
Explanation
Rs. 360 (option B) is the accepted answer to “Find the simple interest on Rs. 1000 for 3 years at 12% per annum.”. Option A (Rs. 340) is a different value from Rs. 360. Option C (Rs. 288) is a different value from Rs. 360. Option D (Rs. 422) is a different value from Rs. 360. Keep Rs. 360 as the interest Mcqs fact for this stem.
Source: FPSC/NTS Generated Practice Set
Tags: FPSC, NTS, Interest
Submitted by: MCQsHub Editorial
Related MCQs
- Find the simple interest on Rs. 9250 for 4 years at 5% per annum.
- At what rate percent will Rs. 10350 amount to Rs. 12420 in 2 years at simple interest?
- In how many years will Rs. 7450 double itself at 5% simple interest per annum?
- In how many years will Rs. 6550 double itself at 5% simple interest per annum?
- At what rate percent will Rs. 6800 amount to Rs. 9860 in 5 years at simple interest?
- Find the simple interest on Rs. 14200 for 5 years at 7% per annum.