Find the simple interest on Rs. 3950 for 1 years at 5% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 198.
- A. Rs. 198 ✓
- B. Rs. 187
Why not B: “Rs. 187” is not Rs. 198.
- C. Rs. 152
Why not C: “Rs. 152” is not Rs. 198.
- D. Rs. 171
Why not D: “Rs. 171” is not Rs. 198.
Correct answer
A. Rs. 198
Explanation
Rs. 198 (option A) is the accepted answer to “Find the simple interest on Rs. 3950 for 1 years at 5% per annum.”. Option B (Rs. 187) is a different value from Rs. 198. Option C (Rs. 152) is a different value from Rs. 198. Option D (Rs. 171) is a different value from Rs. 198. Keep Rs. 198 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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