In how many years at 8% per annum simple integralerest, will... | Quantitative Aptitude | SolveeIt | Solveeit

Today, August 24

Question

In how many years at 8% per annum simple interest, will the interest be half of the principal?

A

5 years

B

5.5 years

C

6.25 years

D

6.5 years

E

7 years

Answer

6.25 years

Explanation

Solution

The correct answer is option (C): 6.25 years