Sum of Money doubles itself in 8 years at simple interest. What is the rate of Interest?

Sum of Money doubles itself in 8 years at simple interest. What is the rate of Interest?

  1. a) 10%
  2. b) 12.50%
  3. c) 15%
  4. d) 20%

From the Combined Bank Senior Officer July 2026 – Written exam, question 31 of 73.

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