Question

. A sum of money will double itself in 16 years at simple interest with a yearly rate of (A) 10% (B) 6 = % (C) 8% (D) 16%​

Answer 1

Answer:

let the sum of money is Rs x

then interest in 16 years Rs x

then rate of interest

=x*100/x*16

=100/16

=25/4

=6.25%