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  • Quantitative Aptitude
  • At what rate of interest per annum the sum will double in...
Multiple choice

At what rate of interest per annum the sum will double in 16 years?

  1. 19/3%

  2. 25/2%

  3. 10/3%

  4. 23/4%

  5. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let principal be P , Then S.I. = P and T = 16yrs

Rate = (100 * P / P * 16) = 25/4% p.a

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