Curioustab

Home » Aptitude » Simple Interest

A sum becomes its double in 10 yr. Find the annual rate of simple interest.

1%
5%
10%
20%

Correct Answer: 10%

Explanation:

Here, n = 2, T = 10 yr
∴ R = 100 (n - 1)/T
= 100(2 - 1)/10
= 100/10
= 10%

← Previous Question Next Question→

More Questions from Simple Interest

How long will a sum of money invested at 5% per annum SI take to increase its value by 50%
A certain sum becomes 8 fold in 15 yr at simple interest. What will be the rate interest?
At a simple interest, a sum amounts to ₹ 1012 in 2 1/ 2 and becomes ₹ 1067.20 in 4 yr. What is the rate of interest
At simple interest, a sum becomes 3 times in 20 yr. Find the time, in which the sum will be double at the same rate of interest.
Simple interest for the sum of ₹ 1500 is ₹ 30 in 4 yr and ₹ 60 in 8 yr. Find the rate of simple interest.
At what rate per annum will the simple interest on a certain sum of money be 1/5 of the amount in 10 yr?
Mr. Deepak invested an amount of ₹ 21250 for 6 yr. At what rate of simple interest, will he obtain the total amount of ₹ 26350 at the end of 6 yr?
The simple interest on ₹ 4000 in 3 yr at the rate of R % per annum equals equals to the simple interest on ₹ 5000 at the rate of 12% per annum in 2 yr The value of R is
A sum of money amounts to ₹ 2240 at 4% per annum simple interest in 3 yr. The interest on the same sum for 6 months at 3.5% per annum is
The simple interest on a sum of money at 9% per annum for 5 yr is half the sum. What is the sum?

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion