In how many years will Rs. 3700 double itself at 5% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: A. 20 years.
- A. 20 years ✓
- B. 22 years
Why not B: “22 years” is not 20 years.
- C. 24 years
Why not C: “24 years” is not 20 years.
- D. 19 years
Why not D: “19 years” is not 20 years.
Correct answer
A. 20 years
Explanation
20 years (option A) is the accepted answer to “In how many years will Rs. 3700 double itself at 5% simple interest per annum”. Option B (22 years) is a different value from 20 years. Option C (24 years) is a different value from 20 years. Option D (19 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
Related MCQs
- Find the simple interest on Rs. 12900 for 3 years at 4% per annum.
- At what rate percent will Rs. 7150 amount to Rs. 8866 in 2 years at simple interest?
- In how many years will Rs. 6500 double itself at 5% simple interest per annum?
- In how many years will Rs. 9600 double itself at 5% simple interest per annum?
- At what rate percent will Rs. 12000 amount to Rs. 18000 in 5 years at simple interest?
- Find the simple interest on Rs. 6000 for 1 years at 2% per annum.