Math, asked by BrainlyChetna, 8 months ago

A certain sum doubles in 15 years. Find the rate of interest

Answers

Answered by asia2089172

Answer:

6.67%

At what rate of simple interest a certain sum will be doubled in 15 years? The sum will double if the interest accrued is equal to the sum itself. For any sum of money, interest will be equal to the sum at a simple rate of interest of = 100/ 15 = 6.67%.

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