CTS Company Numerical Ability Simple & Compound Interest

At what rate percent per annum will a sum of money double in 10 years?
a) 10% b) 11% c) 12% d) 13%

Read Solution (Total 2)

Ans: a
10 years*10%=100
its mean double to the sum
8 years agoHelpfull: Yes(2) No(1)

si=(p*r*t)/100
si=p, since money is getting doubled in 10 years means si will be equal to P.
P=(p*r*10)/100
r=10% ans
8 years agoHelpfull: Yes(2) No(0)

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