other govt exam FCI Assistant Grade 3 (AG III) Phase I & II Mock Test Quantitative Aptitude Interest Simple Interest
Ram had borrowed a certain amount at a certain rate of simple interest. At present, the total amount he owes is 150% of the principle he had borrowed. After one year the total amount will increase by 40/3% compared to the present value. If he does not repay the amount, after how many years will it be double the principle?
1
3.75
2
1.5
3
2.5
4
3
5
3.5