Question

0
4. If the principal of 1,200 doubles in 6 years by simple interest, find the rate of
interest?
2
1
3
3
(1) 16 -% p. a. (2) 16 -% p. a. (3) 16 -% p. a. (4) 16 -% p. a.
3
3
2​

Answer 1

Answer:

16.66%

Step-by-step explanation:

simple interest,

I =(PRT)/100

1200 = (1200×R×6)/100

R =100/6

R=16.66%