Question
Mathematics Question on SI & CI
A sum of money doubles itself on simple interest in 10 years. Find the rate of interest per annum.
A
10%
B
12%
C
12.5%
D
8%
Answer
10%
Explanation
Solution
The correct answer is(A): 10%
A sum of money doubles itself on simple interest in 10 years. Find the rate of interest per annum.
10%
12%
12.5%
8%
10%
The correct answer is(A): 10%