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UP TGT Mathematics Commercial mathematics Test Series - Part 2

At what rate of simple interest per annum will a sum of money double itself in 12.5 years?

Type: MCQ • Marks: 1
At what rate of simple interest per annum will a sum of money double itself in 12.5 years?
Options
A. 1) 6%
B. 2) 8%
C. 3) 9%
D. 4) 7%
Explanation
R = (100 / T) = 100 / 12.5 = 8% per annum.
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