Find the simple interest on Rs. 5200 for 2 years at 4% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: D. Rs. 416.
- A. Rs. 331
Why not A: “Rs. 331” is not Rs. 416.
- B. Rs. 318
Why not B: “Rs. 318” is not Rs. 416.
- C. Rs. 336
Why not C: “Rs. 336” is not Rs. 416.
- D. Rs. 416 ✓
Correct answer
D. Rs. 416
Explanation
Rs. 416 (option D) is the accepted answer to “Find the simple interest on Rs. 5200 for 2 years at 4% per annum.”. Option A (Rs. 331) is a different value from Rs. 416. Option B (Rs. 318) is a different value from Rs. 416. Option C (Rs. 336) is a different value from Rs. 416. Keep Rs. 416 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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