In how many years will Rs. 1550 double itself at 8% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: A. 12 years.
- A. 12 years ✓
- B. 10 years
Why not B: “10 years” is not 12 years.
- C. 15 years
Why not C: “15 years” is not 12 years.
- D. 11 years
Why not D: “11 years” is not 12 years.
Correct answer
A. 12 years
Explanation
12 years (option A) is the accepted answer to “In how many years will Rs. 1550 double itself at 8% simple interest per annum”. Option B (10 years) is a different value from 12 years. Option C (15 years) is a different value from 12 years. Option D (11 years) is a different value from 12 years. Keep 12 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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