-
The rate of simple intereset per annum at which a sum of money doubles
itself in 16 2 % years is 3
-
- 4%
- 5%
- 6%
-
6 2 % 3
- 4%
Correct Option: C
According to the question,
Let Principal = Rs. P.
Simple Interest = Rs. p.
| Time = | years | |
| 3 |
| ∴ Rate = | |
| Principal × Time |
| Rate = | ||
| p × | ||
| 3 | ||
| Rate = | = 6% per annum | |
| 50 |
