In how many years will Rs. 3900 double itself at 6% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: D. 17 years.
- A. 13 years
Why not A: “13 years” is not 17 years.
- B. 15 years
Why not B: “15 years” is not 17 years.
- C. 14 years
Why not C: “14 years” is not 17 years.
- D. 17 years ✓
Correct answer
D. 17 years
Explanation
17 years (option D) is the accepted answer to “In how many years will Rs. 3900 double itself at 6% simple interest per annum”. Option A (13 years) is a different value from 17 years. Option B (15 years) is a different value from 17 years. Option C (14 years) is a different value from 17 years. Keep 17 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. 7850 for 4 years at 3% per annum.
- At what rate percent will Rs. 14450 amount to Rs. 16184 in 4 years at simple interest?
- In how many years will Rs. 5250 double itself at 5% simple interest per annum?
- In how many years will Rs. 3700 double itself at 10% simple interest per annum?
- At what rate percent will Rs. 3550 amount to Rs. 3834 in 2 years at simple interest?
- Find the simple interest on Rs. 3950 for 3 years at 2% per annum.