11. How many years will it take for 54,000 to double at a simple interest rate of 8%?
years.
Answers
Answered by
4
Answer:
principal = Rs. 54000
rate = 8%
amount = 2× 54000 = Rs. 108000
time = T
simple interest = principal × time × rate/100
= 54000 × T ×8/100
= 4320×T
amount = principal + simple interest
108000 = 54000 + 4320×T
108000 - 54000 = 4320× T
54000 = 4320×T
T = 54000
4320
T = 12.5 or 12 1/2 years
Answered by
0
Answer:
Answer is 12.5
Explanation:
2x54000= 108000
54000X 8x T
------------------------
100
= 12.5
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