hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    arrow
    arrow
    arrow
    In how many years will a certain sum of money double itself at 5% Simple Interest?
    Question

    In how many years will a certain sum of money double itself at 5% Simple Interest?

    A.

    18

    B.

    15

    C.

    22

    D.

    20

    Correct option is D

    Formula Used:
    S.I =P ×\times​ r×\times t/100
    Calculation:
    Let the time period be 't' years and the sum(principal) be 'P',amount = 2P, S.I = 2P - P = P, rate = 5% p.a.
    P = P ×\times5×\times​t/100
    => t = 20 years
    required time = 20 years

    Free Tests

    Free
    Must Attempt

    CBT-1 Full Mock Test 1

    languageIcon English
    • pdpQsnIcon100 Questions
    • pdpsheetsIcon100 Marks
    • timerIcon90 Mins
    languageIcon English
    Free
    Must Attempt

    RRB NTPC Graduate Level PYP (Held on 5 Jun 2025 S1)

    languageIcon English
    • pdpQsnIcon100 Questions
    • pdpsheetsIcon100 Marks
    • timerIcon90 Mins
    languageIcon English
    Free
    Must Attempt

    RRB NTPC UG Level PYP (Held on 7 Aug 2025 S1)

    languageIcon English
    • pdpQsnIcon100 Questions
    • pdpsheetsIcon100 Marks
    • timerIcon90 Mins
    languageIcon English

    Similar Questions

    test-prime-package

    Access ‘RRB JE’ Mock Tests with

    • 60000+ Mocks and Previous Year Papers
    • Unlimited Re-Attempts
    • Personalised Report Card
    • 500% Refund on Final Selection
    • Largest Community
    students-icon
    368k+ students have already unlocked exclusive benefits with Test Prime!
    Our Plans
    Monthsup-arrow