At what rate percent per annum simple interest will a of money double itself in 6 years?14.615.613.616.6 (2024)

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A

16.6

B

15.6

D

14.6

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Solution

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Let P=x, then A=2x
Also, S.I =AP=2xx=x
T=6 years
We know that S.I. =P×R×T100
x×R×6100=x
R=100x6x=16.6%

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At what rate percent per annum simple interest will a of money double itself in 6 years?14.615.613.616.6 (2024)
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