Question

In what will be a sum of money double itself at 6.25% p.a . Simple interest?

Answer 1

Answer:

16 Years

Here, Amount= 2P

A= P+S.I.

2P= P + P*R*T/100

2P-P= P*R*T/100

P= P*6.25*T/100

T= 100/6.25

T= 16