Find the simple interest on Rs. 16600 for 1 years at 12% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 1992.
- A. Rs. 1992 ✓
- B. Rs. 2484
Why not B: “Rs. 2484” is not Rs. 1992.
- C. Rs. 2093
Why not C: “Rs. 2093” is not Rs. 1992.
- D. Rs. 2261
Why not D: “Rs. 2261” is not Rs. 1992.
Correct answer
A. Rs. 1992
Explanation
Rs. 1992 (option A) is the accepted answer to “Find the simple interest on Rs. 16600 for 1 years at 12% per annum.”. Option B (Rs. 2484) is a different value from Rs. 1992. Option C (Rs. 2093) is a different value from Rs. 1992. Option D (Rs. 2261) is a different value from Rs. 1992. Keep Rs. 1992 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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