A sum of money at simple interest doubles itself in 10 years. Find the rate of interest per annum.

A5%

B8%

C10%

D12%

Explanation

SI = P. P = (P * R * 10) / 100 => R = 10%.

Exam Relevance

Topic: Interest
Subtopic: Simple Interest

Submitted by: mcqstutor Team More Mathematics MCQs →