Q. The rate of interest is 12% per annum. How long will it take for an amount to become 1.36 times itself?

  • (A) 3 years
  • (B) 4 years
  • (C) 5 years
  • (D) 3.5 years
βœ… Correct Answer: (A) 3 years
Explanation: Increase = 36% → 36/12 = 3 years.
Explanation by: Mr. Dubey
Increase = 36% → 36/12 = 3 years.

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