Find the simple interest on Rs. 11800 for 3 years at 4% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 1416.
- A. Rs. 1416 ✓
- B. Rs. 1278
Why not B: “Rs. 1278” is not Rs. 1416.
- C. Rs. 1534
Why not C: “Rs. 1534” is not Rs. 1416.
- D. Rs. 1673
Why not D: “Rs. 1673” is not Rs. 1416.
Correct answer
A. Rs. 1416
Explanation
Rs. 1416 (option A) is the accepted answer to “Find the simple interest on Rs. 11800 for 3 years at 4% per annum.”. Option B (Rs. 1278) is a different value from Rs. 1416. Option C (Rs. 1534) is a different value from Rs. 1416. Option D (Rs. 1673) is a different value from Rs. 1416. Keep Rs. 1416 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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