Find the simple interest on Rs. 14200 for 5 years at 7% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: D. Rs. 4970.
- A. Rs. 4385
Why not A: “Rs. 4385” is not Rs. 4970.
- B. Rs. 5724
Why not B: “Rs. 5724” is not Rs. 4970.
- C. Rs. 4215
Why not C: “Rs. 4215” is not Rs. 4970.
- D. Rs. 4970 ✓
Correct answer
D. Rs. 4970
Explanation
Rs. 4970 (option D) is the accepted answer to “Find the simple interest on Rs. 14200 for 5 years at 7% per annum.”. Option A (Rs. 4385) is a different value from Rs. 4970. Option B (Rs. 5724) is a different value from Rs. 4970. Option C (Rs. 4215) is a different value from Rs. 4970. Keep Rs. 4970 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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