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If a principal becomes twice of its amount in years, the rate of simple interest per annum is:

  1. A
    5%
  2. B
    10%
  3. C
    15%
  4. D
    20%

Solution & Step-by-step Explanation

Note: The phrase "becomes twice of its amount" traditionally means that the final amount () is twice the principal ().
Therefore, .





Using the formula :



Practice this question

Try it yourself before checking the explanation above.

If a principal becomes twice of its amount in years, the rate of simple interest per annum is:
A
5%
B
10%
C
15%
D
20%

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