Find the simple interest on Rs. 3400 for 2 years at 6% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 408.
- A. Rs. 408 ✓
- B. Rs. 370
Why not B: “Rs. 370” is not Rs. 408.
- C. Rs. 492
Why not C: “Rs. 492” is not Rs. 408.
- D. Rs. 480
Why not D: “Rs. 480” is not Rs. 408.
Correct answer
A. Rs. 408
Explanation
Rs. 408 (option A) is the accepted answer to “Find the simple interest on Rs. 3400 for 2 years at 6% per annum.”. Option B (Rs. 370) is a different value from Rs. 408. Option C (Rs. 492) is a different value from Rs. 408. Option D (Rs. 480) is a different value from Rs. 408. Keep Rs. 408 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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