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In what time will a sum of money double itself at 25/4 % p.a. simple interest?

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In what time will a sum of money double itself at 25/4 % p.a. simple interest?
posted Dec 5, 2014 by anonymous

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1 Answer

+3 votes

Ans - 16 years
As simple interest = amount × rate of interest × time
As amount will be doubled
So amount = simple interest.........( say p )
then p = ( p × 25/4 × time )/ 100
thus time = 16 years

answer Dec 14, 2014 by Pallavi Patil



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