In how many years will Rs. 3150 double itself at 10% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: C. 10 years.
- A. 11 years
Why not A: “11 years” is not 10 years.
- B. 12 years
Why not B: “12 years” is not 10 years.
- C. 10 years ✓
- D. 8 years
Why not D: “8 years” is not 10 years.
Correct answer
C. 10 years
Explanation
10 years (option C) is the accepted answer to “In how many years will Rs. 3150 double itself at 10% simple interest per annum”. Option A (11 years) is a different value from 10 years. Option B (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
Related MCQs
- Find the simple interest on Rs. 10600 for 1 years at 2% per annum.
- At what rate percent will Rs. 14550 amount to Rs. 18042 in 4 years at simple interest?
- In how many years will Rs. 9500 double itself at 8% simple interest per annum?
- In how many years will Rs. 8850 double itself at 10% simple interest per annum?
- At what rate percent will Rs. 8700 amount to Rs. 10527 in 3 years at simple interest?
- Find the simple interest on Rs. 2350 for 4 years at 3% per annum.