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In how much time, will a sum of money become double of itself at 15% per annum simple interest

Asked on by | Votes 0 | Views: 37 | Tags: mathematics     | simple interest     | quantitative aptitude     | ssc     | Add Bounty

In how much time, will a sum of money become double of itself at 15% per annum simple interest
1). $6\frac{1}{4}$ years
2). $6\frac{1}{2}$ years
3). $6\frac{1}{3}$ years
4). $6\frac{2}{3}$ years

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2 answers

3 vote
Answered by on | Votes 3 |
$6\frac{2}{3}$ years is the answer

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3 vote
Answered by on | Votes 3 |

I think it may be Right answer

If the principal be x, the amount
= 2x
 SI = x

Time = $\frac{S.I\times 100}{Principal\times Rate}$

$\frac{20}{3}$ =$6\frac{2}{3}$




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