In how many years will Rs. 2300 double itself at 4% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: C. 25 years.
- A. 21 years
Why not A: “21 years” is not 25 years.
- B. 28 years
Why not B: “28 years” is not 25 years.
- C. 25 years ✓
- D. 27 years
Why not D: “27 years” is not 25 years.
Correct answer
C. 25 years
Explanation
25 years (option C) is the accepted answer to “In how many years will Rs. 2300 double itself at 4% simple interest per annum”. Option A (21 years) is a different value from 25 years. Option B (28 years) is a different value from 25 years. Option D (27 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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