Find the simple interest on Rs. 11450 for 5 years at 5% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: C. Rs. 2862.
- A. Rs. 3380
Why not A: “Rs. 3380” is not Rs. 2862.
- B. Rs. 2237
Why not B: “Rs. 2237” is not Rs. 2862.
- C. Rs. 2862 ✓
- D. Rs. 3203
Why not D: “Rs. 3203” is not Rs. 2862.
Correct answer
C. Rs. 2862
Explanation
Rs. 2862 (option C) is the accepted answer to “Find the simple interest on Rs. 11450 for 5 years at 5% per annum.”. Option A (Rs. 3380) is a different value from Rs. 2862. Option B (Rs. 2237) is a different value from Rs. 2862. Option D (Rs. 3203) is a different value from Rs. 2862. Keep Rs. 2862 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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