Find the simple interest on Rs. 16850 for 1 years at 5% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 842.
- A. Rs. 842 ✓
- B. Rs. 886
Why not B: “Rs. 886” is not Rs. 842.
- C. Rs. 676
Why not C: “Rs. 676” is not Rs. 842.
- D. Rs. 738
Why not D: “Rs. 738” is not Rs. 842.
Correct answer
A. Rs. 842
Explanation
Rs. 842 (option A) is the accepted answer to “Find the simple interest on Rs. 16850 for 1 years at 5% per annum.”. Option B (Rs. 886) is a different value from Rs. 842. Option C (Rs. 676) is a different value from Rs. 842. Option D (Rs. 738) is a different value from Rs. 842. Keep Rs. 842 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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