Question

12. At what rate
at what rate of simple interest
will the sum of

money double
itself in 6 years?​

Answer 1

$\huge\purple {\mathfrak{Bonjour Mate!}}$

The money doubles itself within 8 years and 4 months when the rate of interest was 12 %

Step-by-step explanation:

In the above question, rate of interest, i.e., R= 12%

The formula for Simple Interest = (Principal x Rate x Time /100)

= (P x R x T) /100

Assume Principal be P

The Simple interest that is paid is P since the money doubles in T years

Simple Interest = P = (P x R x T) / 100

T = 100 / R

= 100 / 12

= 8.33 years, i.e., approximately 8 years and 4 months

The money doubles itself within 8 years and 4 months

Answer 2

Answer:

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☺️