In how many years will Rs. 6500 double itself at 6% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: C. 17 years.
- A. 15 years
Why not A: “15 years” is not 17 years.
- B. 20 years
Why not B: “20 years” is not 17 years.
- C. 17 years ✓
- D. 14 years
Why not D: “14 years” is not 17 years.
Correct answer
C. 17 years
Explanation
17 years (option C) is the accepted answer to “In how many years will Rs. 6500 double itself at 6% simple interest per annum”. Option A (15 years) is a different value from 17 years. Option B (20 years) is a different value from 17 years. Option D (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. 16900 for 5 years at 6% per annum.
- At what rate percent will Rs. 3950 amount to Rs. 4424 in 3 years at simple interest?
- In how many years will Rs. 5000 double itself at 6% simple interest per annum?
- Find the simple interest on Rs. 14950 for 3 years at 8% per annum.
- At what rate percent will Rs. 12700 amount to Rs. 15240 in 2 years at simple interest?
- At what rate percent will Rs. 13450 amount to Rs. 16812 in 5 years at simple interest?