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Railways Sample Paper RRBs Assistant Loco Pilot and Technician CBT STAGE-I Sample Paper-13

  • question_answer
    In how many years will a sum of money double itself at 18.75% per annum simple interest?

    A)  6 yr 2 months

    B)  4 yr 5 months

    C)  5 yr 4 months

    D)         6 yr 5 months

    Correct Answer: C

    Solution :

    \[P=\frac{P\times 1875\times T}{100}\] \[\Rightarrow \]   \[T=\frac{100}{18.75}=5\frac{1}{3}\,\,yr\]4month


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