ABC26GN4045 · Simple Interest
Subject: General Aptitude · Chapter: Simple Interest · Exam: 2006 · Marks: · Difficulty:
In how many years will a sum of money double itself at 18.75\% per annum simple interest?
(a)4 years 5 months
(b)5 years 4 months
(c)6 years 2 months
(d)6 years 5 months
Answer
Explanation
Let $\operatorname{sum}=₹ x$. Then, S.I. $=₹ x$. ∴ Time $=\left(\frac{100 \times \text { S.I. }}{P \times R}\right)=\left(\frac{100 \times x}{x \times 18.75}\right)$ years $=\frac{26}{3}$ years $=5 \frac{1}{3}$ years $=5$ years 4 months.
Explanation as extracted from the printed page; notation may be imperfect.
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