In what time will a sum double itself at 7% per annum simple interest ?

A 14.28 Yr
B 13 Yr
C 12.5 Yr
D 11 Yr
Answer & Explanation
Option: [A]

Let the initial amount be Rs. 100

It will be double. That means Rs. 200

The simple will be Rs. (200-100)= Rs. 100

We can calculate the time from the formula given below :



T=14.28 Yr

Random GK Questions

A Fungi and Protozoa
B Bacteria and Protozoa
C Mucor and Rhizopus
D Bacteria and Fungi

View Answer

A Tolls
B Agriculture
C Trade Union
D Markets and Fairs

View Answer

A Supply price
B Total expenditure
C Out-capital ratio
D Capital-output ratio

View Answer

A Per Capita Income
B Gross National Income
C Net National Income
D Disposable Personal Income

View Answer

A Proportional to the income of tax payers
B The same for every tax payer
C Similar for tax payers in similar circumstances
D Proportional to the expenditure of tax payers

View Answer

Your Valuable Comments Please...

Important EBooks for Competitive Exams