Find the simple interest on Rs. 9600 for 5 years at 3% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 1440.
- A. Rs. 1440 ✓
- B. Rs. 1282
Why not B: “Rs. 1282” is not Rs. 1440.
- C. Rs. 1137
Why not C: “Rs. 1137” is not Rs. 1440.
- D. Rs. 1246
Why not D: “Rs. 1246” is not Rs. 1440.
Correct answer
A. Rs. 1440
Explanation
Rs. 1440 (option A) is the accepted answer to “Find the simple interest on Rs. 9600 for 5 years at 3% per annum.”. Option B (Rs. 1282) is a different value from Rs. 1440. Option C (Rs. 1137) is a different value from Rs. 1440. Option D (Rs. 1246) is a different value from Rs. 1440. Keep Rs. 1440 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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