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simple interest per annum ?In how many years will a sum of money double itself at 6 2 % 3  
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-  24 years
 -  20 years
 -  16 years
 - 12 years
 
 -  24 years
 
Correct Option: C
Let principal is P.
As we know that , 
| Time = | |
| Principal × Rate | 
| Time = | = 16 years | |
| P × (25 ÷ 4) | 
Second method to solve this question :
| T = | years | |
| R% | 
| T = | × 100 years | |
| 25÷4 | 
T = 16 years.