Find the simple interest on Rs. 1000 for 5 years at 5% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: D. Rs. 250.
- A. Rs. 205
Why not A: “Rs. 205” is not Rs. 250.
- B. Rs. 278
Why not B: “Rs. 278” is not Rs. 250.
- C. Rs. 222
Why not C: “Rs. 222” is not Rs. 250.
- D. Rs. 250 ✓
Correct answer
D. Rs. 250
Explanation
Rs. 250 (option D) is the accepted answer to “Find the simple interest on Rs. 1000 for 5 years at 5% per annum.”. Option A (Rs. 205) is a different value from Rs. 250. Option B (Rs. 278) is a different value from Rs. 250. Option C (Rs. 222) is a different value from Rs. 250. Keep Rs. 250 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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