Doubling the principal means: Principal \((p) =\) Interest amount \((I) = x\) taka Rate of interest \((r) = 6\frac{1}{4}\% = \cfrac{25}{4}\%\) \(\therefore\) Time \((t) = \cfrac{100 \times I}{pr}\) years \(= \cfrac{100 \times x}{x \times \cfrac{25}{4}} = \cfrac{100 \times 4}{25} = 16\) years
\(\therefore\) A principal will double in 16 years at an annual simple interest rate of \(6\frac{1}{4}\%\).