Question

Shreya invested a sum of money at 8% per annum in simple interest. After how much time will it become one and a half times of itself?

• A. 25/2 years
• B. 25/4 years
• C. 25/8 years
• D. 25/6 years

Answer 1

Answer:

B. 25/4 years

Principal (P) = x Amount (A) = 1.5x SI = 1.5x - x = 0.5x 0.5x = x × 8 × T/100 8T = 50 T = 50/8 = 25/4 years