In what time will a sum of money double itself at 15% per annum.
(a) 6 years
(b) 6 years 8 months
(c) 6 years 4 months
(d) 15 years
Answers
Answered by
2
Answer:
(b) 6 years 8 months is right answer
Answered by
2
Answer:
If the principal be x, then amount = 2x
We know that,
∴ SI = Amount - Principal = 2x - x = x
Time=
Principal×rate
SI×100
=
x×15
x×100
=
3
20
=6
3
2
years
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