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Arithmetic Aptitude :: Simple Interest

5. A sum of money becomes 2.5 times itself at 12.5% simple interest p.a. The period of investment is

Answer: Option C

Explanation :

Let the period is 'T' and Sum= 'P'.
As given money become 2.5.
=> 2.5 * P = P + S.I
=> S.I = 1.5 * P -------------- (1)
=> S.I = (P * T * 12.5)/100 -----------(2)
By eq. (1) and (2)
=> 1.5 * P = (P * T * 12.5)/100
=> T=12 years.

Asked In ::  Capgemini   Global Edge  

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