Question

13) A bank gives an investor double the initial deposit
in 5 years, interest being simple interest. Then the
rate of interest is:
A. 15%
B. 16%
C. 18%
D. 20 percent​

Answer 1

Step-by-step explanation:

simple formula

rate=100(count of(p)-1)/time

for ex in bank gives an investor double the initial deposit in 5years

rate=(100(2-1))/5=20%(ans)

A bank gives an investor double the initial deposit in 5years, interest being simple interest. Then the rate of Interest is:20%(ans)

8 years agoHelpfull: Yes(2) No(1)20%

in five years interest equal to principal amount

suppose 100 Rs. invested .then interest is 100 for five years .therefore interest for one year is 20 Rs. interest is 20%8 years agoHelpfull: Yes(1) No(0)ans IS 20% becoz simple if you got 200% amount in 5 years ,

so

for ex. invest 10 rs after 5 years your interest 10 rs (0.2*5/100) and amount you receive 20 rs8 years agoHelpfull: Yes(0) No(0)SI=PRT/100

FOR P TO BE DOUBLED INTEREST SHOULD BECOME P.. HENCE SI=P*20*5/100