Find the simple interest on Rs. 18700 for 6 years at 7% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 7854.
- A. Rs. 7854 ✓
- B. Rs. 6370
Why not B: “Rs. 6370” is not Rs. 7854.
- C. Rs. 8775
Why not C: “Rs. 8775” is not Rs. 7854.
- D. Rs. 8567
Why not D: “Rs. 8567” is not Rs. 7854.
Correct answer
A. Rs. 7854
Explanation
Rs. 7854 (option A) is the accepted answer to “Find the simple interest on Rs. 18700 for 6 years at 7% per annum.”. Option B (Rs. 6370) is a different value from Rs. 7854. Option C (Rs. 8775) is a different value from Rs. 7854. Option D (Rs. 8567) is a different value from Rs. 7854. Keep Rs. 7854 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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