Find the simple interest on Rs. 7500 for 4 years at 11% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 3300.
- A. Rs. 3300 ✓
- B. Rs. 4091
Why not B: “Rs. 4091” is not Rs. 3300.
- C. Rs. 4009
Why not C: “Rs. 4009” is not Rs. 3300.
- D. Rs. 2986
Why not D: “Rs. 2986” is not Rs. 3300.
Correct answer
A. Rs. 3300
Explanation
Rs. 3300 (option A) is the accepted answer to “Find the simple interest on Rs. 7500 for 4 years at 11% per annum.”. Option B (Rs. 4091) is a different value from Rs. 3300. Option C (Rs. 4009) is a different value from Rs. 3300. Option D (Rs. 2986) is a different value from Rs. 3300. Keep Rs. 3300 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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