Simple Interest Practice Test 1

Question : 20 of 40

Marks: +1, -0

At what rate per cent of simple interest will asum of money double itself in 15 years?

Solution:

Let the sum be P, then SI is P.

∴\Rate ={100×SI}/{P×T}

={100×P}/{P×15}

=100/15\Years

= 6 years 8 months

Go to Question:

Prev Question

Next Question