Find the simple interest on Rs. 5,000 for 3 years at 6% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 900.
- A. Rs. 900 ✓
- B. Rs. 850
Why not B: “Rs. 850” is not Rs. 900.
- C. Rs. 950
Why not C: “Rs. 950” is not Rs. 900.
- D. Rs. 800
Why not D: “Rs. 800” is not Rs. 900.
Correct answer
A. Rs. 900
Explanation
Rs. 900 (option A) is the accepted answer to “Find the simple interest on Rs. 5,000 for 3 years at 6% per annum.”. Option B (Rs. 850) is a different value from Rs. 900. Option C (Rs. 950) is a different value from Rs. 900. Option D (Rs. 800) is a different value from Rs. 900. Keep Rs. 900 as the interest Mcqs fact for this stem.
Source: FPSC/NTS Past Papers
Tags: FPSC, Interest, Simple Interest
Submitted by: MCQsHub Editorial
Related MCQs
- In how many years will Rs. 1,500 double itself at 10% simple interest per annum?
- Find the principal if simple interest on it for 2 years at 5% per annum is Rs. 500.
- Simple interest on a sum for 2 years at 8% per annum is Rs. 480. Find the sum.
- Find the simple interest on Rs. 1000 for 5 years at 5% per annum.
- At what rate percent will Rs. 5050 amount to Rs. 7070 in 5 years at simple interest?
- In how many years will Rs. 1350 double itself at 10% simple interest per annum?