1.

At what rate percent of simple interest will a sum of money double itself in 12 years?

Answer»

8 1/2 %



Let sum = X. Then, S.I. = x.

Rate = (100 * S.I.) / (P * T) = (100 * x) / (x * 12)

= 25/3 = 8 1/3 %



Discussion

No Comment Found

Related InterviewSolutions