In how many years will Rs. 7300 double itself at 4% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: D. 25 years.
- A. 30 years
Why not A: “30 years” is not 25 years.
- B. 21 years
Why not B: “21 years” is not 25 years.
- C. 23 years
Why not C: “23 years” is not 25 years.
- D. 25 years ✓
Correct answer
D. 25 years
Explanation
25 years (option D) is the accepted answer to “In how many years will Rs. 7300 double itself at 4% simple interest per annum”. Option A (30 years) is a different value from 25 years. Option B (21 years) is a different value from 25 years. Option C (23 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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