Find the simple interest on Rs. 19500 for 4 years at 7% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 5460.
- A. Rs. 5460 ✓
- B. Rs. 6412
Why not B: “Rs. 6412” is not Rs. 5460.
- C. Rs. 6585
Why not C: “Rs. 6585” is not Rs. 5460.
- D. Rs. 6547
Why not D: “Rs. 6547” is not Rs. 5460.
Correct answer
A. Rs. 5460
Explanation
Rs. 5460 (option A) is the accepted answer to “Find the simple interest on Rs. 19500 for 4 years at 7% per annum.”. Option B (Rs. 6412) is a different value from Rs. 5460. Option C (Rs. 6585) is a different value from Rs. 5460. Option D (Rs. 6547) is a different value from Rs. 5460. Keep Rs. 5460 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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