📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    How long (in months) will it take a sum of money

    invested at 5% per annum on simple interest to increase its value by 22.5%?
    A 48 Correct Answer Incorrect Answer
    B 44 Correct Answer Incorrect Answer
    C 50 Correct Answer Incorrect Answer
    D 54 Correct Answer Incorrect Answer

    Solution

    The correct answer is D

    Practice Next

    Relevant for Exams:

    ask-question