Question

8. In how many years will rupees 150 double itself at 4% p.a.? Please answer as fast as possible Please answer step by step

Answer 1

Answer:

25 years

Step-by-step explanation:

principal = INR 150

rate = 4%

amount = 2 *150 = INR 300

interest = amount - principal = 300-150 = INR 150

I = PRT/100

150 = (150* T* 4)/ 100

150 = 6T

T = 150/6 = 25 years