Find the simple interest on Rs. 1500 for 6 years at 7% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: D. Rs. 630.
- A. Rs. 774
Why not A: “Rs. 774” is not Rs. 630.
- B. Rs. 770
Why not B: “Rs. 770” is not Rs. 630.
- C. Rs. 668
Why not C: “Rs. 668” is not Rs. 630.
- D. Rs. 630 ✓
Correct answer
D. Rs. 630
Explanation
Rs. 630 (option D) is the accepted answer to “Find the simple interest on Rs. 1500 for 6 years at 7% per annum.”. Option A (Rs. 774) is a different value from Rs. 630. Option B (Rs. 770) is a different value from Rs. 630. Option C (Rs. 668) is a different value from Rs. 630. Keep Rs. 630 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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