In how many years will Rs. 3500 double itself at 5% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: C. 20 years.
- A. 16 years
Why not A: “16 years” is not 20 years.
- B. 24 years
Why not B: “24 years” is not 20 years.
- C. 20 years ✓
- D. 22 years
Why not D: “22 years” is not 20 years.
Correct answer
C. 20 years
Explanation
20 years (option C) is the accepted answer to “In how many years will Rs. 3500 double itself at 5% simple interest per annum”. Option A (16 years) is a different value from 20 years. Option B (24 years) is a different value from 20 years. Option D (22 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
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