SSC Government Jobs Exams Numerical Ability Simple & Compound Interest

Mr. komal invests rs.1546 in a bank at a certain rate of CI per annum. AT THE END OF 8YEARS, HE FINDS THAT HIS MONEY HAS DOUBLED. wHAT IS APPROX RATE OF INTEREST PAID BY BANK?

Read Solution (Total 1)

8 years 100% incement
So rate of interest per year would be 100/8 =12.5
8 years agoHelpfull: Yes(0) No(3)

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