Competititve Exams Materials
(Q) At what rate percent per annum will a sum of money double in 8 years ?
A) 10.5%
B) 14.5%
C) 12.5%
D) 17.5%
Explanation :
Let principal = P, Then, S.I.= P and Time = 8 years
We know that S.I. = PTR/100
Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum.
B) 14.5%
C) 12.5%
D) 17.5%
View Answer
C) 12.5%Explanation :
Let principal = P, Then, S.I.= P and Time = 8 years
We know that S.I. = PTR/100
Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum.
View related categories
Aptitude : Simple Interest
Subscribe to:
Posts (Atom)