Find the simple interest on Rs. 3100 for 5 years at 3% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: D. Rs. 465.
- A. Rs. 507
Why not A: “Rs. 507” is not Rs. 465.
- B. Rs. 535
Why not B: “Rs. 535” is not Rs. 465.
- C. Rs. 394
Why not C: “Rs. 394” is not Rs. 465.
- D. Rs. 465 ✓
Correct answer
D. Rs. 465
Explanation
Rs. 465 (option D) is the accepted answer to “Find the simple interest on Rs. 3100 for 5 years at 3% per annum.”. Option A (Rs. 507) is a different value from Rs. 465. Option B (Rs. 535) is a different value from Rs. 465. Option C (Rs. 394) is a different value from Rs. 465. Keep Rs. 465 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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