Find the simple interest on Rs. 3700 for 2 years at 7% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: C. Rs. 518.
- A. Rs. 631
Why not A: “Rs. 631” is not Rs. 518.
- B. Rs. 560
Why not B: “Rs. 560” is not Rs. 518.
- C. Rs. 518 ✓
- D. Rs. 407
Why not D: “Rs. 407” is not Rs. 518.
Correct answer
C. Rs. 518
Explanation
Rs. 518 (option C) is the accepted answer to “Find the simple interest on Rs. 3700 for 2 years at 7% per annum.”. Option A (Rs. 631) is a different value from Rs. 518. Option B (Rs. 560) is a different value from Rs. 518. Option D (Rs. 407) is a different value from Rs. 518. Keep Rs. 518 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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