Find the simple interest on Rs. 4150 for 3 years at 3% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 374.
- A. Rs. 374 ✓
- B. Rs. 395
Why not B: “Rs. 395” is not Rs. 374.
- C. Rs. 285
Why not C: “Rs. 285” is not Rs. 374.
- D. Rs. 402
Why not D: “Rs. 402” is not Rs. 374.
Correct answer
A. Rs. 374
Explanation
Rs. 374 (option A) is the accepted answer to “Find the simple interest on Rs. 4150 for 3 years at 3% per annum.”. Option B (Rs. 395) is a different value from Rs. 374. Option C (Rs. 285) is a different value from Rs. 374. Option D (Rs. 402) is a different value from Rs. 374. Keep Rs. 374 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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