Question

15. A sum becomes 6 fold at 5% per annum. At what rate, the sum becomes 12 fold ​

Answer 1

Answer:

11 %

Step-by-step explanation :

SI at 5% = 6P-P=5P

5P=P×5×T100

=> T=100yr

Now,for new rate (R),

11P=P×R×100100

R=11%