A sum is invested at 10 % per annum with simple interest. What will be the time taken to increase its value by 25% ?
A sum is invested at 10 % per annum with simple interest. What will be the time taken to increase its value by 25% ?
Solution
✅ Correct Option: 3
With simple interest the sum grows by of the principal each year. To gain of the principal, time years. Using with and gives the same result.
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2022: 20 Aug Shift 1