Find the simple interest on Rs. 10900 for 5 years at 7% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 3815.
- A. Rs. 3815 ✓
- B. Rs. 3488
Why not B: “Rs. 3488” is not Rs. 3815.
- C. Rs. 2925
Why not C: “Rs. 2925” is not Rs. 3815.
- D. Rs. 3617
Why not D: “Rs. 3617” is not Rs. 3815.
Correct answer
A. Rs. 3815
Explanation
Rs. 3815 (option A) is the accepted answer to “Find the simple interest on Rs. 10900 for 5 years at 7% per annum.”. Option B (Rs. 3488) is a different value from Rs. 3815. Option C (Rs. 2925) is a different value from Rs. 3815. Option D (Rs. 3617) is a different value from Rs. 3815. Keep Rs. 3815 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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