In how many years will Rs. 5850 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. 29 years
Why not B: “29 years” is not 25 years.
- C. 21 years
Why not C: “21 years” is not 25 years.
- D. 28 years
Why not D: “28 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. 5850 double itself at 4% simple interest per annum”. Option B (29 years) is a different value from 25 years. Option C (21 years) is a different value from 25 years. Option D (28 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
Related MCQs
- Find the simple interest on Rs. 11100 for 2 years at 5% per annum.
- At what rate percent will Rs. 11800 amount to Rs. 12744 in 2 years at simple interest?
- In how many years will Rs. 4100 double itself at 10% simple interest per annum?
- In how many years will Rs. 7600 double itself at 5% simple interest per annum?
- At what rate percent will Rs. 13750 amount to Rs. 15812 in 3 years at simple interest?
- Find the simple interest on Rs. 4200 for 5 years at 7% per annum.