Find the simple interest on Rs. 3400 for 1 years at 7% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: B. Rs. 238.
- A. Rs. 200
Why not A: “Rs. 200” is not Rs. 238.
- B. Rs. 238 ✓
- C. Rs. 207
Why not C: “Rs. 207” is not Rs. 238.
- D. Rs. 193
Why not D: “Rs. 193” is not Rs. 238.
Correct answer
B. Rs. 238
Explanation
Rs. 238 (option B) is the accepted answer to “Find the simple interest on Rs. 3400 for 1 years at 7% per annum.”. Option A (Rs. 200) is a different value from Rs. 238. Option C (Rs. 207) is a different value from Rs. 238. Option D (Rs. 193) is a different value from Rs. 238. Keep Rs. 238 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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