Find the simple interest on Rs. 10700 for 1 years at 7% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 749.
- A. Rs. 749 ✓
- B. Rs. 839
Why not B: “Rs. 839” is not Rs. 749.
- C. Rs. 705
Why not C: “Rs. 705” is not Rs. 749.
- D. Rs. 571
Why not D: “Rs. 571” is not Rs. 749.
Correct answer
A. Rs. 749
Explanation
Rs. 749 (option A) is the accepted answer to “Find the simple interest on Rs. 10700 for 1 years at 7% per annum.”. Option B (Rs. 839) is a different value from Rs. 749. Option C (Rs. 705) is a different value from Rs. 749. Option D (Rs. 571) is a different value from Rs. 749. Keep Rs. 749 as the interest Mcqs fact for this stem.
Source: FPSC/NTS Generated Practice Set
Tags: FPSC, NTS, Interest
Submitted by: MCQsHub Editorial
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