Question

5. In what time will a sum of money double itself at 6-% p.a. simple interest?​

Answer 1

Step-by-step explanation:

Let R=100625. According to the question,

Amount=2(Principle)

A=2P

S.I.=A−P

=2P−P

=P

S.I.=100P×R×T

P=100×100P×625×T

T=P×625P×100×100

T=16years