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If a sum of money doubles itself in 6 ye...

If a sum of money doubles itself in 6 years at S.l. then the rate of interest per annum is:

A

16.6%

B

12.5%

C

18.5%

D

13.5%

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The correct Answer is:
To solve the problem of finding the rate of interest per annum when a sum of money doubles itself in 6 years at simple interest, we can follow these steps: ### Step-by-Step Solution: 1. **Understand the Problem**: We need to find the rate of interest when a principal amount doubles in 6 years under simple interest. 2. **Let the Principal Amount (P)**: Assume the principal amount (P) is ₹100. This makes calculations easier. 3. **Calculate the Amount after 6 Years (A)**: Since the sum doubles, the amount after 6 years (A) will be ₹200. 4. **Calculate the Simple Interest (SI)**: \[ \text{Simple Interest (SI)} = \text{Amount (A)} - \text{Principal (P)} = 200 - 100 = ₹100 \] 5. **Use the Simple Interest Formula**: The formula for simple interest is: \[ SI = \frac{P \times R \times T}{100} \] Where: - SI = Simple Interest - P = Principal - R = Rate of Interest per annum - T = Time in years 6. **Substitute the Known Values**: Substitute the values into the formula: \[ 100 = \frac{100 \times R \times 6}{100} \] 7. **Simplify the Equation**: The 100 in the numerator and denominator cancels out: \[ 100 = R \times 6 \] 8. **Solve for R**: To find R, divide both sides by 6: \[ R = \frac{100}{6} \approx 16.67\% \] 9. **Conclusion**: The rate of interest per annum is approximately 16.67%, which can be rounded to 16.6%. ### Final Answer: The rate of interest per annum is **16.6%**. ---
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