SSC Sample Paper Mock Test-3 SSC CGL Tear-II Paper-1

  • question_answer
    At what rate per cent per annum will a sum of money double in 8 yr?

    A)  \[12%\]            

    B)  \[12\frac{1}{2}%\]

    C)  \[13%\]            

    D)  \[15%\]

    Correct Answer: B

    Solution :

    Let   sum = P, then SI = P As amount = 2 P and time = 8 yr \[\therefore \]Rate \[=\frac{\text{100 }\!\!\times\!\!\text{ SI}}{\text{Sum }\!\!\times\!\!\text{ Time}}=\left( \frac{100\times P}{\text{P}\times 8} \right)%=12\frac{1}{2}%\]


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