Find the simple interest on Rs. 12850 for 2 years at 2% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: D. Rs. 514.
- A. Rs. 400
Why not A: “Rs. 400” is not Rs. 514.
- B. Rs. 616
Why not B: “Rs. 616” is not Rs. 514.
- C. Rs. 641
Why not C: “Rs. 641” is not Rs. 514.
- D. Rs. 514 ✓
Correct answer
D. Rs. 514
Explanation
Rs. 514 (option D) is the accepted answer to “Find the simple interest on Rs. 12850 for 2 years at 2% per annum.”. Option A (Rs. 400) is a different value from Rs. 514. Option B (Rs. 616) is a different value from Rs. 514. Option C (Rs. 641) is a different value from Rs. 514. Keep Rs. 514 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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