Find the simple interest on Rs. 2450 for 2 years at 2% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: B. Rs. 98.
- A. Rs. 109
Why not A: “Rs. 109” is not Rs. 98.
- B. Rs. 98 ✓
- C. Rs. 92
Why not C: “Rs. 92” is not Rs. 98.
- D. Rs. 85
Why not D: “Rs. 85” is not Rs. 98.
Correct answer
B. Rs. 98
Explanation
Rs. 98 (option B) is the accepted answer to “Find the simple interest on Rs. 2450 for 2 years at 2% per annum.”. Option A (Rs. 109) is a different value from Rs. 98. Option C (Rs. 92) is a different value from Rs. 98. Option D (Rs. 85) is a different value from Rs. 98. Keep Rs. 98 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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