Question

Vishwas has Rs. 5000. He gives this money to Manoj on

Q: Answer-Vishwas has Rs. 5000. He gives this money to Manoj on simple interest and after 4 years received the...

S.I P x R x T100 5000 5000 x r x 4100 r 25 p.a New rate 25 5 30 5000 5000 x 30 x t t 313 years

simple interest and after 4 years received the double amount. If the interest rate is 5% more than the previous, in how many years this amount will be doubled?

A 3(1/3) years

B 2(1/3) years

C 6(1/3) years

D 2(1/2) years

E None of these

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Vishwas has Rs. 5000. He gives this money to Manoj on

Solution