QA – Placement Quizzes | Simple Interest | Question 14

A sum of money doubles itself in 6 years at simple interest. What is the rate of interest?

(A)

16.66

(B)

15.55

(C)

14.44

(D)

16.22

Answer: (A)
Explanation:

SI = P
P = P X R X 6/100
R= 16.66 %

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QA – Placement Quizzes

QA - Placement Quizzes

QA - Placement Quizzes-Simple Interest

Simple Interest

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