Find the simple interest on Rs. 9750 for 5 years at 2% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: A. Rs. 975.
- A. Rs. 975 ✓
- B. Rs. 1073
Why not B: “Rs. 1073” is not Rs. 975.
- C. Rs. 1169
Why not C: “Rs. 1169” is not Rs. 975.
- D. Rs. 789
Why not D: “Rs. 789” is not Rs. 975.
Correct answer
A. Rs. 975
Explanation
Rs. 975 (option A) is the accepted answer to “Find the simple interest on Rs. 9750 for 5 years at 2% per annum.”. Option B (Rs. 1073) is a different value from Rs. 975. Option C (Rs. 1169) is a different value from Rs. 975. Option D (Rs. 789) is a different value from Rs. 975. Keep Rs. 975 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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