Find the simple interest on Rs. 10550 for 1 years at 2% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: D. Rs. 211.
- A. Rs. 237
Why not A: “Rs. 237” is not Rs. 211.
- B. Rs. 223
Why not B: “Rs. 223” is not Rs. 211.
- C. Rs. 181
Why not C: “Rs. 181” is not Rs. 211.
- D. Rs. 211 ✓
Correct answer
D. Rs. 211
Explanation
Rs. 211 (option D) is the accepted answer to “Find the simple interest on Rs. 10550 for 1 years at 2% per annum.”. Option A (Rs. 237) is a different value from Rs. 211. Option B (Rs. 223) is a different value from Rs. 211. Option C (Rs. 181) is a different value from Rs. 211. Keep Rs. 211 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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