Find the simple interest on Rs. 4500 for 2 years at 3% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 270.
- A. Rs. 270 ✓
- B. Rs. 227
Why not B: “Rs. 227” is not Rs. 270.
- C. Rs. 297
Why not C: “Rs. 297” is not Rs. 270.
- D. Rs. 292
Why not D: “Rs. 292” is not Rs. 270.
Correct answer
A. Rs. 270
Explanation
Rs. 270 (option A) is the accepted answer to “Find the simple interest on Rs. 4500 for 2 years at 3% per annum.”. Option B (Rs. 227) is a different value from Rs. 270. Option C (Rs. 297) is a different value from Rs. 270. Option D (Rs. 292) is a different value from Rs. 270. Keep Rs. 270 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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