In how many years will Rs. 550 double itself at 8% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: A. 12 years.
- A. 12 years ✓
- B. 15 years
Why not B: “15 years” is not 12 years.
- C. 10 years
Why not C: “10 years” is not 12 years.
- D. 13 years
Why not D: “13 years” is not 12 years.
Correct answer
A. 12 years
Explanation
12 years (option A) is the accepted answer to “In how many years will Rs. 550 double itself at 8% simple interest per annum”. Option B (15 years) is a different value from 12 years. Option C (10 years) is a different value from 12 years. Option D (13 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. 18700 for 6 years at 7% per annum.
- At what rate percent will Rs. 9600 amount to Rs. 12960 in 5 years at simple interest?
- In how many years will Rs. 3800 double itself at 5% simple interest per annum?
- Find the simple interest on Rs. 800 for 6 years at 9% per annum.
- At what rate percent will Rs. 11950 amount to Rs. 14340 in 2 years at simple interest?
- At what rate percent will Rs. 14850 amount to Rs. 19008 in 4 years at simple interest?