Find the simple interest on Rs. 10850 for 5 years at 4% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 2170.
- A. Rs. 2170 ✓
- B. Rs. 2667
Why not B: “Rs. 2667” is not Rs. 2170.
- C. Rs. 1871
Why not C: “Rs. 1871” is not Rs. 2170.
- D. Rs. 1881
Why not D: “Rs. 1881” is not Rs. 2170.
Correct answer
A. Rs. 2170
Explanation
Rs. 2170 (option A) is the accepted answer to “Find the simple interest on Rs. 10850 for 5 years at 4% per annum.”. Option B (Rs. 2667) is a different value from Rs. 2170. Option C (Rs. 1871) is a different value from Rs. 2170. Option D (Rs. 1881) is a different value from Rs. 2170. Keep Rs. 2170 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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