Find the simple interest on Rs. 14950 for 3 years at 8% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: D. Rs. 3588.
- A. Rs. 3899
Why not A: “Rs. 3899” is not Rs. 3588.
- B. Rs. 4368
Why not B: “Rs. 4368” is not Rs. 3588.
- C. Rs. 4234
Why not C: “Rs. 4234” is not Rs. 3588.
- D. Rs. 3588 ✓
Correct answer
D. Rs. 3588
Explanation
Rs. 3588 (option D) is the accepted answer to “Find the simple interest on Rs. 14950 for 3 years at 8% per annum.”. Option A (Rs. 3899) is a different value from Rs. 3588. Option B (Rs. 4368) is a different value from Rs. 3588. Option C (Rs. 4234) is a different value from Rs. 3588. Keep Rs. 3588 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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