Multiple Choice Questions on An amount of Rs 15 000 at 20 rate of interest will be double in how many years if interest compounde........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

An amount of Rs 15 000 at 20 rate of interest will be double in how many years if interest compounde...........

Costing - Phase (I & II) Methods of Costing
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    An amount of Rs. 15,000 at 20% rate of interest will be double in how many years if interest compounded annually according to Rule 69.

    3 years and 9 months and 18days

    Correct Answer

    3 years and 8 months

    Incorrect Answer

    3 years and 5 months

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

     Rule 69 = 0.35 +  69/20=3.8 years

    (i.e. 3 years and 9 months and 18days).

    By: Vikas Goyal
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