In how many years will Rs. 2600 double itself at 10% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: A. 10 years.
- A. 10 years ✓
- B. 11 years
Why not B: “11 years” is not 10 years.
- C. 12 years
Why not C: “12 years” is not 10 years.
- D. 8 years
Why not D: “8 years” is not 10 years.
Correct answer
A. 10 years
Explanation
10 years (option A) is the accepted answer to “In how many years will Rs. 2600 double itself at 10% simple interest per annum”. Option B (11 years) is a different value from 10 years. Option C (12 years) is a different value from 10 years. Option D (8 years) is a different value from 10 years. Keep 10 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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