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Numerical Ability
Simple & Compound Interest
A simple interest earned on certain amount is double the money when invested for 15 years.what is the interest rate offered?
a)26.66%
b)12%
c)30%
d) 13.33%
Read Solution (Total 2)
-
- SI=2P
2P=P*15*R/100
by solving
R=13.33% - 8 years agoHelpfull: Yes(8) No(1)
- SI=P*R*T/100
2P=P*R*15/100
R=13.33% - 7 years agoHelpfull: Yes(6) No(2)
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