Find the simple interest on Rs. 9300 for 3 years at 5% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 1395.
- A. Rs. 1395 ✓
- B. Rs. 1308
Why not B: “Rs. 1308” is not Rs. 1395.
- C. Rs. 1280
Why not C: “Rs. 1280” is not Rs. 1395.
- D. Rs. 1638
Why not D: “Rs. 1638” is not Rs. 1395.
Correct answer
A. Rs. 1395
Explanation
Rs. 1395 (option A) is the accepted answer to “Find the simple interest on Rs. 9300 for 3 years at 5% per annum.”. Option B (Rs. 1308) is a different value from Rs. 1395. Option C (Rs. 1280) is a different value from Rs. 1395. Option D (Rs. 1638) is a different value from Rs. 1395. Keep Rs. 1395 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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