In how many years will Rs. 650 double itself at 4% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: B. 25 years.
- A. 31 years
Why not A: “31 years” is not 25 years.
- B. 25 years ✓
- C. 29 years
Why not C: “29 years” is not 25 years.
- D. 20 years
Why not D: “20 years” is not 25 years.
Correct answer
B. 25 years
Explanation
25 years (option B) is the accepted answer to “In how many years will Rs. 650 double itself at 4% simple interest per annum”. Option A (31 years) is a different value from 25 years. Option C (29 years) is a different value from 25 years. Option D (20 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. 3850 for 1 years at 8% per annum.
- At what rate percent will Rs. 1050 amount to Rs. 1239 in 3 years at simple interest?
- In how many years will Rs. 6000 double itself at 12% simple interest per annum?
- In how many years will Rs. 5400 double itself at 10% simple interest per annum?
- At what rate percent will Rs. 14750 amount to Rs. 18880 in 4 years at simple interest?
- Find the simple interest on Rs. 3400 for 1 years at 7% per annum.