Find the simple interest on Rs. 8750 for 3 years at 2% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: D. Rs. 525.
- A. Rs. 473
Why not A: “Rs. 473” is not Rs. 525.
- B. Rs. 486
Why not B: “Rs. 486” is not Rs. 525.
- C. Rs. 643
Why not C: “Rs. 643” is not Rs. 525.
- D. Rs. 525 ✓
Correct answer
D. Rs. 525
Explanation
Rs. 525 (option D) is the accepted answer to “Find the simple interest on Rs. 8750 for 3 years at 2% per annum.”. Option A (Rs. 473) is a different value from Rs. 525. Option B (Rs. 486) is a different value from Rs. 525. Option C (Rs. 643) is a different value from Rs. 525. Keep Rs. 525 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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