In how many years will Rs. 3050 double itself at 6% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: C. 17 years.
- A. 20 years
Why not A: “20 years” is not 17 years.
- B. 14 years
Why not B: “14 years” is not 17 years.
- C. 17 years ✓
- D. 19 years
Why not D: “19 years” is not 17 years.
Correct answer
C. 17 years
Explanation
17 years (option C) is the accepted answer to “In how many years will Rs. 3050 double itself at 6% simple interest per annum”. Option A (20 years) is a different value from 17 years. Option B (14 years) is a different value from 17 years. Option D (19 years) is a different value from 17 years. Keep 17 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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