Find the simple interest on Rs. 5000 for 3 years at 2% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: C. Rs. 300.
- A. Rs. 327
Why not A: “Rs. 327” is not Rs. 300.
- B. Rs. 330
Why not B: “Rs. 330” is not Rs. 300.
- C. Rs. 300 ✓
- D. Rs. 283
Why not D: “Rs. 283” is not Rs. 300.
Correct answer
C. Rs. 300
Explanation
Rs. 300 (option C) is the accepted answer to “Find the simple interest on Rs. 5000 for 3 years at 2% per annum.”. Option A (Rs. 327) is a different value from Rs. 300. Option B (Rs. 330) is a different value from Rs. 300. Option D (Rs. 283) is a different value from Rs. 300. Keep Rs. 300 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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