In how many years will Rs. 3500 double itself at 8% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: C. 12 years.
- A. 11 years
Why not A: “11 years” is not 12 years.
- B. 13 years
Why not B: “13 years” is not 12 years.
- C. 12 years ✓
- D. 9 years
Why not D: “9 years” is not 12 years.
Correct answer
C. 12 years
Explanation
12 years (option C) is the accepted answer to “In how many years will Rs. 3500 double itself at 8% simple interest per annum”. Option A (11 years) is a different value from 12 years. Option B (13 years) is a different value from 12 years. Option D (9 years) is a different value from 12 years. Keep 12 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. 13900 for 5 years at 7% per annum.
- At what rate percent will Rs. 7950 amount to Rs. 9063 in 2 years at simple interest?
- In how many years will Rs. 2800 double itself at 12% simple interest per annum?
- In how many years will Rs. 9400 double itself at 6% simple interest per annum?
- At what rate percent will Rs. 10650 amount to Rs. 12780 in 2 years at simple interest?
- Find the simple interest on Rs. 18550 for 1 years at 11% per annum.