Find the simple interest on Rs. 11600 for 3 years at 7% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: C. Rs. 2436.
- A. Rs. 2859
Why not A: “Rs. 2859” is not Rs. 2436.
- B. Rs. 2567
Why not B: “Rs. 2567” is not Rs. 2436.
- C. Rs. 2436 ✓
- D. Rs. 1960
Why not D: “Rs. 1960” is not Rs. 2436.
Correct answer
C. Rs. 2436
Explanation
Rs. 2436 (option C) is the accepted answer to “Find the simple interest on Rs. 11600 for 3 years at 7% per annum.”. Option A (Rs. 2859) is a different value from Rs. 2436. Option B (Rs. 2567) is a different value from Rs. 2436. Option D (Rs. 1960) is a different value from Rs. 2436. Keep Rs. 2436 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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