Find the simple interest on Rs. 11100 for 2 years at 5% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 1110.
- A. Rs. 1110 ✓
- B. Rs. 1315
Why not B: “Rs. 1315” is not Rs. 1110.
- C. Rs. 993
Why not C: “Rs. 993” is not Rs. 1110.
- D. Rs. 1217
Why not D: “Rs. 1217” is not Rs. 1110.
Correct answer
A. Rs. 1110
Explanation
Rs. 1110 (option A) is the accepted answer to “Find the simple interest on Rs. 11100 for 2 years at 5% per annum.”. Option B (Rs. 1315) is a different value from Rs. 1110. Option C (Rs. 993) is a different value from Rs. 1110. Option D (Rs. 1217) is a different value from Rs. 1110. Keep Rs. 1110 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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