Asked in PPSC, FPSC and other one-paper exams (compiled from unofficial resources).
Financial MathematicsSimple and Compound Interest
The simple interest on a sum of money makes it become 3 times of itself in 20 years. In how many years will it become double of itself at the same rate of interest?
- A.5 years
- B.15 years
- C.10 yearsCorrect answer
- D.20 years
Timed quizzes, instant results, track your progress — free
Practice these MCQs in the appQuick fact: The sum doubles itself in 10 years at the same rate of simple interest.