Find the simple interest on Rs. 9950 for 1 years at 12% per annum.
Difficulty: Easy
About this MCQ
Easy interest Mcqs item. Correct choice: C. Rs. 1194.
- A. Rs. 1365
Why not A: “Rs. 1365” is not Rs. 1194.
- B. Rs. 1409
Why not B: “Rs. 1409” is not Rs. 1194.
- C. Rs. 1194 ✓
- D. Rs. 976
Why not D: “Rs. 976” is not Rs. 1194.
Correct answer
C. Rs. 1194
Explanation
Rs. 1194 (option C) is the accepted answer to “Find the simple interest on Rs. 9950 for 1 years at 12% per annum.”. Option A (Rs. 1365) is a different value from Rs. 1194. Option B (Rs. 1409) is a different value from Rs. 1194. Option D (Rs. 976) is a different value from Rs. 1194. Keep Rs. 1194 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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