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
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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