In how many years will Rs. 9800 double itself at 4% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: D. 25 years.
- A. 31 years
Why not A: “31 years” is not 25 years.
- B. 20 years
Why not B: “20 years” is not 25 years.
- C. 21 years
Why not C: “21 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. 9800 double itself at 4% simple interest per annum”. Option A (31 years) is a different value from 25 years. Option B (20 years) is a different value from 25 years. Option C (21 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. 4600 for 1 years at 5% per annum.
- At what rate percent will Rs. 14850 amount to Rs. 18860 in 3 years at simple interest?
- In how many years will Rs. 1550 double itself at 8% simple interest per annum?
- In how many years will Rs. 2350 double itself at 10% simple interest per annum?
- At what rate percent will Rs. 1750 amount to Rs. 2065 in 3 years at simple interest?
- Find the simple interest on Rs. 4300 for 6 years at 12% per annum.