Find the simple interest on Rs. 1450 for 3 years at 3% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: C. Rs. 130.
- A. Rs. 111
Why not A: “Rs. 111” is not Rs. 130.
- B. Rs. 122
Why not B: “Rs. 122” is not Rs. 130.
- C. Rs. 130 ✓
- D. Rs. 146
Why not D: “Rs. 146” is not Rs. 130.
Correct answer
C. Rs. 130
Explanation
Rs. 130 (option C) is the accepted answer to “Find the simple interest on Rs. 1450 for 3 years at 3% per annum.”. Option A (Rs. 111) is a different value from Rs. 130. Option B (Rs. 122) is a different value from Rs. 130. Option D (Rs. 146) is a different value from Rs. 130. Keep Rs. 130 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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