Find the simple interest on Rs. 700 for 2 years at 3% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: D. Rs. 42.
- A. Rs. 46
Why not A: “Rs. 46” is not Rs. 42.
- B. Rs. 45
Why not B: “Rs. 45” is not Rs. 42.
- C. Rs. 48
Why not C: “Rs. 48” is not Rs. 42.
- D. Rs. 42 ✓
Correct answer
D. Rs. 42
Explanation
Rs. 42 (option D) is the accepted answer to “Find the simple interest on Rs. 700 for 2 years at 3% per annum.”. Option A (Rs. 46) is a different value from Rs. 42. Option B (Rs. 45) is a different value from Rs. 42. Option C (Rs. 48) is a different value from Rs. 42. Keep Rs. 42 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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