Home » Aptitude » Simple interest » Question
  1. In how many years will a sum of money double itself at 6
    2
    %
    3
    simple interest per annum ?
    1. 24 years
    2. 20 years
    3. 16 years
    4. 12 years
Correct Option: C

Let principal is P.
As we know that ,

Time =
SI × 100
Principal × Rate

Time =
P × 100
= 16 years
P × (25 ÷ 4)

Second method to solve this question :
T =
(n - 1)
years
R%

T =
(2 - 1)
× 100 years
25÷4

T = 16 years.



Your comments will be displayed only after manual approval.