New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    An amount doubles itself on simple interest in 3 years.

    What is the percent per annum rate of interest?
    A 25% Correct Answer Incorrect Answer
    B 50% Correct Answer Incorrect Answer
    C 12.5% Correct Answer Incorrect Answer
    D 33.33% Correct Answer Incorrect Answer

    Solution

    3 years =2 times 3 years =2 times -1 3 years =1 Rate of interest =1/3) ×100 =33.33%%

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