In how many years will Rs. 3350 double itself at 12% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: D. 8 years.
- A. 10 years
Why not A: “10 years” is not 8 years.
- B. 9 years
Why not B: “9 years” is not 8 years.
- C. 7 years
Why not C: “7 years” is not 8 years.
- D. 8 years ✓
Correct answer
D. 8 years
Explanation
8 years (option D) is the accepted answer to “In how many years will Rs. 3350 double itself at 12% simple interest per annum”. Option A (10 years) is a different value from 8 years. Option B (9 years) is a different value from 8 years. Option C (7 years) is a different value from 8 years. Keep 8 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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