Find the simple interest on Rs. 16400 for 3 years at 5% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 2460.
- A. Rs. 2460 ✓
- B. Rs. 1881
Why not B: “Rs. 1881” is not Rs. 2460.
- C. Rs. 2185
Why not C: “Rs. 2185” is not Rs. 2460.
- D. Rs. 2801
Why not D: “Rs. 2801” is not Rs. 2460.
Correct answer
A. Rs. 2460
Explanation
Rs. 2460 (option A) is the accepted answer to “Find the simple interest on Rs. 16400 for 3 years at 5% per annum.”. Option B (Rs. 1881) is a different value from Rs. 2460. Option C (Rs. 2185) is a different value from Rs. 2460. Option D (Rs. 2801) is a different value from Rs. 2460. Keep Rs. 2460 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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