Find the simple interest on Rs. 2050 for 2 years at 5% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: D. Rs. 205.
- A. Rs. 187
Why not A: “Rs. 187” is not Rs. 205.
- B. Rs. 255
Why not B: “Rs. 255” is not Rs. 205.
- C. Rs. 231
Why not C: “Rs. 231” is not Rs. 205.
- D. Rs. 205 ✓
Correct answer
D. Rs. 205
Explanation
Rs. 205 (option D) is the accepted answer to “Find the simple interest on Rs. 2050 for 2 years at 5% per annum.”. Option A (Rs. 187) is a different value from Rs. 205. Option B (Rs. 255) is a different value from Rs. 205. Option C (Rs. 231) is a different value from Rs. 205. Keep Rs. 205 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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