Multiple Choice Questions on In how many years an amount of Rs 1 000 double itself 10 compound rate of interest according to Rule........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

In how many years an amount of Rs 1 000 double itself 10 compound rate of interest according to Rule...........

Costing - Phase (I & II) Methods of Costing
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    In how many years an amount of Rs. 1,000/- double itself @ 10% compound rate of interest according to Rule 72.

     7 years

    Incorrect Answer

    7.2 years

    Correct Answer

    7.5 years

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

                Rule 72 =       72               = 7.2 years

                                  Interest rate (absolute)

    By: Vikas Goyal
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