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Discussion :: Simple Interest

  1. At what rate percent on simple interest will a sum of money double itself in 30 years?
    2. A.
    3 1/3 %
    B.
    3 1/2%
    C.
    4 %
    D.
    4 1/2 %

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    Answer : Option A

    Explanation :

    P = (P*30*R)/100

    R = 3 1/3%

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