Find the simple interest on Rs. 19850 for 5 years at 3% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: C. Rs. 2978.
- A. Rs. 2354
Why not A: “Rs. 2354” is not Rs. 2978.
- B. Rs. 3289
Why not B: “Rs. 3289” is not Rs. 2978.
- C. Rs. 2978 ✓
- D. Rs. 2713
Why not D: “Rs. 2713” is not Rs. 2978.
Correct answer
C. Rs. 2978
Explanation
Rs. 2978 (option C) is the accepted answer to “Find the simple interest on Rs. 19850 for 5 years at 3% per annum.”. Option A (Rs. 2354) is a different value from Rs. 2978. Option B (Rs. 3289) is a different value from Rs. 2978. Option D (Rs. 2713) is a different value from Rs. 2978. Keep Rs. 2978 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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