Challenger App

No.1 PSC Learning App

1M+ Downloads
The sum of money doubles itself in 8 years at simple interest. The rate of interest is

A10%

B8%

C12 1/2%

D7 1/2%

Answer:

C. 12 1/2%

Read Explanation:

R=100/N = 100/8 = 12 1/2%


Related Questions:

A sum of money doubles it self in 5 years at a simple interest. Then what is the rate of interest ?
A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
A sum becomes Rs. 10650 in 5 years. and Rs. 11076 in 6 years at simple interest. What is the sum?
At what rate percent per annum will a sum of money double in 16 years in simple interest plan?
At what rate percent per annum of simple interest will a certain sum of money become double in 5 years?