In what time does money becomes double at simple interest rate of 12% per annum?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 
Years
Let 100 be the principal ,it should become double of itself i.e 200
then the simple interest will be 200 - 100 = 100
S.I = P × R × T/100
100 = 100 × 12 × T/100
T = 100/12 = 25/3