Aptitude Simple Interest MCQ Questions with Solutions
A bank advertises that you can double the money by investing it with them for 8 years. What is the interest rate offered by them?
A) 12.50%B) 10%
C) 8.50%
D) 14%
Answer & Description:
A) 12.50%A bank advertises that you can double the money by investing it with them for 8 years. the interest rate offered by them is 12.50%.