Find the simple interest on Rs. 7100 for 2 years at 3% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: B. Rs. 426.
- A. Rs. 323
Why not A: “Rs. 323” is not Rs. 426.
- B. Rs. 426 ✓
- C. Rs. 356
Why not C: “Rs. 356” is not Rs. 426.
- D. Rs. 487
Why not D: “Rs. 487” is not Rs. 426.
Correct answer
B. Rs. 426
Explanation
Rs. 426 (option B) is the accepted answer to “Find the simple interest on Rs. 7100 for 2 years at 3% per annum.”. Option A (Rs. 323) is a different value from Rs. 426. Option C (Rs. 356) is a different value from Rs. 426. Option D (Rs. 487) is a different value from Rs. 426. Keep Rs. 426 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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