In how many years will Rs. 8800 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. 21 years
Why not B: “21 years” is not 25 years.
- C. 28 years
Why not C: “28 years” is not 25 years.
- D. 22 years
Why not D: “22 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. 8800 double itself at 4% simple interest per annum”. Option B (21 years) is a different value from 25 years. Option C (28 years) is a different value from 25 years. Option D (22 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. 19650 for 1 years at 11% per annum.
- At what rate percent will Rs. 8350 amount to Rs. 11356 in 4 years at simple interest?
- In how many years will Rs. 8250 double itself at 10% simple interest per annum?
- In how many years will Rs. 8200 double itself at 12% simple interest per annum?
- At what rate percent will Rs. 1250 amount to Rs. 1450 in 4 years at simple interest?
- Find the simple interest on Rs. 7400 for 3 years at 10% per annum.