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Discussion :: Simple Interest

  1. In how many years will a sum of money doubles itself at 5% per annum on simple interest?
    2. A.
    22 years
    B.
    20 years
    C.
    21 years
    D.
    29 years

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    Answer : Option B

    Explanation :

    P = (P*5*R)/100

    R = 20%

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