In what time will be a sum of money doubles itself at 6.25% p.a simple interest?

CA Foundation · Quantitative Aptitude · MTP · September 2025
In what time will be a sum of money doubles itself at 6.25% p.a simple interest?
(A) A. 5 years
(B) B. 8 years
(C) C. 12 years
(D) D. 16 years

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. 16 years

Topics: Part-A: Business Mathematics

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