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    • Question

      In how many years will ₹7,500 double at 8% simple

      interest ?
      A 12.5 years Correct Answer Incorrect Answer
      B 16 years Correct Answer Incorrect Answer
      C 10 years Correct Answer Incorrect Answer
      D More than one of the above Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      ATQ, To double an amount using simple interest, use the formula:

      Given rate R=8:

       It will take 12.5 years for ₹7,500 to double at 8% simple interest.

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