If a sum doubles itself in 8 years at simple interest, what is the rate of interest per annum?
Show answer & explanation
Correct answer: A
Explanation
Simple Interest = Principal
P × R × 8/100 = P
8R = 100
R = 12.5%
SSC Selection Post - Matriculation Level - 1st August 2025 - Shift 1 • Quantitative Aptitude • Q43
If a sum doubles itself in 8 years at simple interest, what is the rate of interest per annum?
Correct answer: A
Explanation
Simple Interest = Principal
P × R × 8/100 = P
8R = 100
R = 12.5%