Find the simple interest on Rs. 4200 for 5 years at 7% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 1470.
- A. Rs. 1470 ✓
- B. Rs. 1148
Why not B: “Rs. 1148” is not Rs. 1470.
- C. Rs. 1283
Why not C: “Rs. 1283” is not Rs. 1470.
- D. Rs. 1199
Why not D: “Rs. 1199” is not Rs. 1470.
Correct answer
A. Rs. 1470
Explanation
Rs. 1470 (option A) is the accepted answer to “Find the simple interest on Rs. 4200 for 5 years at 7% per annum.”. Option B (Rs. 1148) is a different value from Rs. 1470. Option C (Rs. 1283) is a different value from Rs. 1470. Option D (Rs. 1199) is a different value from Rs. 1470. Keep Rs. 1470 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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