Find the simple interest on Rs. 9600 for 2 years at 5% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: C. Rs. 960.
- A. Rs. 907
Why not A: “Rs. 907” is not Rs. 960.
- B. Rs. 829
Why not B: “Rs. 829” is not Rs. 960.
- C. Rs. 960 ✓
- D. Rs. 905
Why not D: “Rs. 905” is not Rs. 960.
Correct answer
C. Rs. 960
Explanation
Rs. 960 (option C) is the accepted answer to “Find the simple interest on Rs. 9600 for 2 years at 5% per annum.”. Option A (Rs. 907) is a different value from Rs. 960. Option B (Rs. 829) is a different value from Rs. 960. Option D (Rs. 905) is a different value from Rs. 960. Keep Rs. 960 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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