Find the simple interest on Rs. 16700 for 1 years at 5% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: D. Rs. 835.
- A. Rs. 971
Why not A: “Rs. 971” is not Rs. 835.
- B. Rs. 1002
Why not B: “Rs. 1002” is not Rs. 835.
- C. Rs. 688
Why not C: “Rs. 688” is not Rs. 835.
- D. Rs. 835 ✓
Correct answer
D. Rs. 835
Explanation
Rs. 835 (option D) is the accepted answer to “Find the simple interest on Rs. 16700 for 1 years at 5% per annum.”. Option A (Rs. 971) is a different value from Rs. 835. Option B (Rs. 1002) is a different value from Rs. 835. Option C (Rs. 688) is a different value from Rs. 835. Keep Rs. 835 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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