Find the simple interest on Rs. 8350 for 1 years at 5% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 418.
- A. Rs. 418 ✓
- B. Rs. 486
Why not B: “Rs. 486” is not Rs. 418.
- C. Rs. 460
Why not C: “Rs. 460” is not Rs. 418.
- D. Rs. 361
Why not D: “Rs. 361” is not Rs. 418.
Correct answer
A. Rs. 418
Explanation
Rs. 418 (option A) is the accepted answer to “Find the simple interest on Rs. 8350 for 1 years at 5% per annum.”. Option B (Rs. 486) is a different value from Rs. 418. Option C (Rs. 460) is a different value from Rs. 418. Option D (Rs. 361) is a different value from Rs. 418. Keep Rs. 418 as the interest Mcqs fact for this stem.
Source: FPSC/NTS Generated Practice Set
Tags: FPSC, NTS, Interest
Submitted by: MCQsHub Editorial
Related MCQs
- At what rate percent will Rs. 4350 amount to Rs. 6090 in 4 years at simple interest?
- In how many years will Rs. 9500 double itself at 8% simple interest per annum?
- Find the simple interest on Rs. 15800 for 6 years at 11% per annum.
- Find the simple interest on Rs. 10600 for 1 years at 2% per annum.
- At what rate percent will Rs. 14100 amount to Rs. 20445 in 5 years at simple interest?
- At what rate percent will Rs. 2950 amount to Rs. 3982 in 5 years at simple interest?