In how many years will Rs. 1200 double itself at 4% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: B. 25 years.
- A. 26 years
Why not A: “26 years” is not 25 years.
- B. 25 years ✓
- C. 27 years
Why not C: “27 years” is not 25 years.
- D. 24 years
Why not D: “24 years” is not 25 years.
Correct answer
B. 25 years
Explanation
25 years (option B) is the accepted answer to “In how many years will Rs. 1200 double itself at 4% simple interest per annum”. Option A (26 years) is a different value from 25 years. Option C (27 years) is a different value from 25 years. Option D (24 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
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