A sum doubles in 8 years at simple interest. What will Rs. 5,000 amount to in 12 years at the same rate?
Correct answer A. Rs. 12,500
Explanation
Doubling in 8 years gives R = 100/8 = 12.5%. SI = 5000 × 12.5 × 12 / 100 = 7500, so amount = Rs. 12,500.
Answer checked How we write and check questions
Discussion