In how many years will Rs. 2700 double itself at 5% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: D. 20 years.
- A. 16 years
Why not A: “16 years” is not 20 years.
- B. 18 years
Why not B: “18 years” is not 20 years.
- C. 19 years
Why not C: “19 years” is not 20 years.
- D. 20 years ✓
Correct answer
D. 20 years
Explanation
20 years (option D) is the accepted answer to “In how many years will Rs. 2700 double itself at 5% simple interest per annum”. Option A (16 years) is a different value from 20 years. Option B (18 years) is a different value from 20 years. Option C (19 years) is a different value from 20 years. Keep 20 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. 14100 for 2 years at 8% per annum.
- At what rate percent will Rs. 3550 amount to Rs. 3834 in 2 years at simple interest?
- In how many years will Rs. 4900 double itself at 6% simple interest per annum?
- In how many years will Rs. 5250 double itself at 5% simple interest per annum?
- At what rate percent will Rs. 4700 amount to Rs. 7050 in 5 years at simple interest?
- Find the simple interest on Rs. 7850 for 4 years at 3% per annum.