Find the simple interest on Rs. 14250 for 5 years at 7% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: C. Rs. 4988.
- A. Rs. 5487
Why not A: “Rs. 5487” is not Rs. 4988.
- B. Rs. 6230
Why not B: “Rs. 6230” is not Rs. 4988.
- C. Rs. 4988 ✓
- D. Rs. 5985
Why not D: “Rs. 5985” is not Rs. 4988.
Correct answer
C. Rs. 4988
Explanation
Rs. 4988 (option C) is the accepted answer to “Find the simple interest on Rs. 14250 for 5 years at 7% per annum.”. Option A (Rs. 5487) is a different value from Rs. 4988. Option B (Rs. 6230) is a different value from Rs. 4988. Option D (Rs. 5985) is a different value from Rs. 4988. Keep Rs. 4988 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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