A sum becomes 6 fold at 5% per annum. At what rate, the sum becomes 12 fold?

A) 10%

B) 12%

C) 9%

D) 11%

Correct answer:
D) 11%

Description for Correct answer:

SI at 5% = 6P-P=5P

5P=\( \Large \frac{P\times 5\times T}{100} \)

=> T=100yr

Now,for new rate (R),

11P=\( \Large \frac{P\times R\times 100}{100} \)

R=11%



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