In how many years will Rs. 1100 double itself at 4% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: A. 25 years.
- A. 25 years ✓
- B. 20 years
Why not B: “20 years” is not 25 years.
- C. 23 years
Why not C: “23 years” is not 25 years.
- D. 21 years
Why not D: “21 years” is not 25 years.
Correct answer
A. 25 years
Explanation
25 years (option A) is the accepted answer to “In how many years will Rs. 1100 double itself at 4% simple interest per annum”. Option B (20 years) is a different value from 25 years. Option C (23 years) is a different value from 25 years. Option D (21 years) is a different value from 25 years. Keep 25 years as the interest Mcqs fact for this stem.
Source: FPSC/NTS Generated Practice Set
Tags: FPSC, NTS, Interest
Submitted by: MCQsHub Editorial
Related MCQs
- Find the simple interest on Rs. 7100 for 2 years at 3% per annum.
- At what rate percent will Rs. 9550 amount to Rs. 10982 in 3 years at simple interest?
- At what rate percent will Rs. 8900 amount to Rs. 11125 in 5 years at simple interest?
- In how many years will Rs. 7600 double itself at 12% simple interest per annum?
- Find the simple interest on Rs. 3650 for 4 years at 10% per annum.
- Find the simple interest on Rs. 13100 for 3 years at 12% per annum.