Find the simple interest on Rs. 10600 for 1 years at 2% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: B. Rs. 212.
- A. Rs. 167
Why not A: “Rs. 167” is not Rs. 212.
- B. Rs. 212 ✓
- C. Rs. 176
Why not C: “Rs. 176” is not Rs. 212.
- D. Rs. 194
Why not D: “Rs. 194” is not Rs. 212.
Correct answer
B. Rs. 212
Explanation
Rs. 212 (option B) is the accepted answer to “Find the simple interest on Rs. 10600 for 1 years at 2% per annum.”. Option A (Rs. 167) is a different value from Rs. 212. Option C (Rs. 176) is a different value from Rs. 212. Option D (Rs. 194) is a different value from Rs. 212. Keep Rs. 212 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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