Find the simple interest on Rs. 3850 for 1 years at 8% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: B. Rs. 308.
- A. Rs. 339
Why not A: “Rs. 339” is not Rs. 308.
- B. Rs. 308 ✓
- C. Rs. 279
Why not C: “Rs. 279” is not Rs. 308.
- D. Rs. 383
Why not D: “Rs. 383” is not Rs. 308.
Correct answer
B. Rs. 308
Explanation
Rs. 308 (option B) is the accepted answer to “Find the simple interest on Rs. 3850 for 1 years at 8% per annum.”. Option A (Rs. 339) is a different value from Rs. 308. Option C (Rs. 279) is a different value from Rs. 308. Option D (Rs. 383) is a different value from Rs. 308. Keep Rs. 308 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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