Find the simple interest on Rs. 2300 for 5 years at 7% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: D. Rs. 805.
- A. Rs. 904
Why not A: “Rs. 904” is not Rs. 805.
- B. Rs. 699
Why not B: “Rs. 699” is not Rs. 805.
- C. Rs. 715
Why not C: “Rs. 715” is not Rs. 805.
- D. Rs. 805 ✓
Correct answer
D. Rs. 805
Explanation
Rs. 805 (option D) is the accepted answer to “Find the simple interest on Rs. 2300 for 5 years at 7% per annum.”. Option A (Rs. 904) is a different value from Rs. 805. Option B (Rs. 699) is a different value from Rs. 805. Option C (Rs. 715) is a different value from Rs. 805. Keep Rs. 805 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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