In how many years will Rs. 550 double itself at 4% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: A. 25 years.
- A. 25 years ✓
- B. 28 years
Why not B: “28 years” is not 25 years.
- C. 22 years
Why not C: “22 years” is not 25 years.
- D. 19 years
Why not D: “19 years” is not 25 years.
Correct answer
A. 25 years
Explanation
25 years (option A) is the accepted answer to “In how many years will Rs. 550 double itself at 4% simple interest per annum”. Option B (28 years) is a different value from 25 years. Option C (22 years) is a different value from 25 years. Option D (19 years) is a different value from 25 years. Keep 25 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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