In how many years will Rs. 7600 double itself at 8% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: D. 12 years.
- A. 15 years
Why not A: “15 years” is not 12 years.
- B. 11 years
Why not B: “11 years” is not 12 years.
- C. 13 years
Why not C: “13 years” is not 12 years.
- D. 12 years ✓
Correct answer
D. 12 years
Explanation
12 years (option D) is the accepted answer to “In how many years will Rs. 7600 double itself at 8% simple interest per annum”. Option A (15 years) is a different value from 12 years. Option B (11 years) is a different value from 12 years. Option C (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. 4700 for 5 years at 9% per annum.
- At what rate percent will Rs. 3350 amount to Rs. 3618 in 2 years at simple interest?
- At what rate percent will Rs. 14650 amount to Rs. 19924 in 4 years at simple interest?
- In how many years will Rs. 8600 double itself at 6% simple interest per annum?
- Find the simple interest on Rs. 18550 for 1 years at 11% per annum.
- Find the simple interest on Rs. 12450 for 4 years at 5% per annum.