Find the simple interest on Rs. 16150 for 1 years at 2% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 323.
- A. Rs. 323 ✓
- B. Rs. 259
Why not B: “Rs. 259” is not Rs. 323.
- C. Rs. 366
Why not C: “Rs. 366” is not Rs. 323.
- D. Rs. 243
Why not D: “Rs. 243” is not Rs. 323.
Correct answer
A. Rs. 323
Explanation
Rs. 323 (option A) is the accepted answer to “Find the simple interest on Rs. 16150 for 1 years at 2% per annum.”. Option B (Rs. 259) is a different value from Rs. 323. Option C (Rs. 366) is a different value from Rs. 323. Option D (Rs. 243) is a different value from Rs. 323. Keep Rs. 323 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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