Question
In how many years will a sum of money double itself at 6$1/4$% simple interest per annum ?
Answer: Option D
Answer: (d)TIme = ${SI × 100}/\text"Principal × Rate"$= ${x × 100}/{x × 25/4}$ = 16 yearsUsing Rule 3,T = ${(n - 1)}/{R%} years$= ${(2 - 1)}/{25/4} × 100$ years = 16 years.
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Answer: (d)TIme = ${SI × 100}/\text"Principal × Rate"$= ${x × 100}/{x × 25/4}$ = 16 yearsUsing Rule 3,T = ${(n - 1)}/{R%} years$= ${(2 - 1)}/{25/4} × 100$ years = 16 years.
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