Question

The simple interest for certain amount of money becomes equal to money invested after 16 years 6 months. In how many years the simple interest becomes 2 times money invested?

• A. 7 years 4 months
• B. 8 years 9 months
• C. 8 years 3 months
• D. Data Insufficient
• E. none of these

Answer 1

The correct option is E

none of these

Given that S.I = P

$\frac{P\times T\times R}{100}=P$

$R=\frac{200}{3}$

Since, S.I = 2P

$\frac{P\times T\times R}{100}=2P$

$\frac{P\times T\times \frac{200}{33}}{100}=2P$

T =33 years