Q. A sum doubles itself at simple interest in 8 years. The rate of interest per annum is

  • (A) 10%
  • (B) 12.5%
  • (C) 15%
  • (D) 8%
βœ… Correct Answer: (B) 12.5%
Explanation: For doubling, SI = Principal. Rate = (100 × 1)/8 = 12.5%.
Explanation by: Roshan
For doubling, SI = Principal. Rate = (100 × 1)/8 = 12.5%.

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